Michael Anthony Prozer III told Patti Stanger he was worth $400 million during his appearance on Bravo’s “The Millionaire Matchmaker” in 2009, but he was singing a different tune on Monday (April 9) when he pleaded guilty in federal court to conspiracy to commit mail, wire and bank fraud, reports the Tampa Bay Business Journal.
Former Wachovia Bank financial specialist Fedor Stanley Salinas also pleaded guilty for helping Prozer fake bank statements, which made it appear as though Prozer had $21 million at Wachovia Bank, in order to get a short-term business loan for $3 million from a Georgia bank. The now-shuttered bank took a loss for the full amount.
Apparently Prozer’s guilty plea was a surprise to observers, since a jury had already been selected for his trial, reports ABC News.
Prozer is facing a multiyear sentence in federal prison, and we’d be willing to bet his date from “The Millionaire Matchmaker” won’t be around for visits, conjugal or otherwise.
Check out a clip from their date (warning: a little NSFW since his date, Elana, has a couple of choice words for him):