TV Star Pleads Guilty to Defrauding Valdosta Bank

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-- Valdosta, Ga. -- April 12, 2012 --

A former reality TV star is now facing serious jail time. He's accused of defrauding a local bank out of millions of dollars.

Michael Anthony Prozer has gone from TV star to behind bars. The con man's game was up after he plead guilty to charges that he defrauded a Valdosta bank out of about $3 million dollars.

Prozer plead guilty this week. He was arrested on September 30th of last year. Prior to that he had appeared on the TV show "The Millionaire Matchmaker."

Prozer qualified for the business loan in Valdosta, claiming he had $21 million dollars in a bank account in Maryland. Turns out that was a lie. Valdosta residents had a wide range of reactions to Prozer's crimes.

Rubye Baker said "people can't just go around taking money from banks and feel that is okay and they can get away with it."

Dewayne Tucker said "If he defrauded the banks, I mean they defraud people every day. You know what I'm saying. I mean with $35 dollar over draft fees and how they used that overdraft so if they're stupid enough not to check, I mean get a better background on this guy before they loan him $3 million dollars I basically think it's their fault."

Prozer is currently in the custody of federal marshals and being held in the Pinellas County Jail in Pinellas Florida.