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Fake 'Millionaire Matchmaker' Contestant Headed To Prison

//patti stanger michacdfa

Aug. 18 2012, Published 1:26 p.m. ET

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By Radar Staff

Michael Prozer went on Millionaire Matchmaker looking for love. What it landed him was eight and a half months behind bars for fraud!

When Prozer appeared on the hit Bravo show, he claimed to be worth $400 million as the owner of Xchange Agent, a South American internet credit payment company.  And while looking for love with the help of show host Patti Stanger, he showed off his private jet and mansion.

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But his "wealth" was all a scam and as his case was about to go to trial, he pled guilty to multiple federal charges including conspiracy, and bank, wire and mail fraud.

In a Tampa, Florida courtroom Thursday, Prozer admitted to never repaying a $3 million loan to a now-defunct Georgia bank, and to paying a friend who worked for Wachovia Bank $25,000 to falsify a document claiming he had $20 million on deposit that could be used as collateral.

Assistant U.S. Attorney Sara Sweeney said that Prozer had a pattern of bilking investors in his company.

"Everybody trusted Mr. Prozer. He was very good at putting on a façade that he was wealthy," she said.

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