Reality star Michael Prozer sentenced to 8years in prison for fraud

A man who appeared on the reality show Millionaire Matchmaker claiming to be worth $400 million was sentence to eight years in prison for stealing $3million from a southern bank.

Last April Michael Prozer’s pleaded guilty to multiple federal charges including conspiracy and bank, wire and mail fraud.  He was sentence in a Tampa courtroom on Thursday to eight years and six months in federal prison.

Authorities said 38-year-old Prozer paid a Wachovia Bank employee $25,000 to falsify documents claiming he had $20million on deposit.  He then provided those documents to a now-defunct Georgia bank for the purpose of securing a $3million loan.

After he received the $3million loan, Prozer used his new wealth to persuade an investor to loan him even more money and shortly thereafter he appeared on the Bravo reality show claiming to worth around $400million, which he told Bravo he earned as the CEO of Xchange Agent Inc., an online payment service in South America and Europe.

On the reality show the father-of-two flew his TV date to his mansion in Florida in his private jet and then enjoyed a day of golfing and cavorting on jet skis.

Authorities said Prozer will be returned to his native Ecuador after he serves his sentence.