Michael Anthony Prozer, who once bragged on national television that he lived in a 33,000-square-foot house, is now in a jail cell after a federal judge revoked bond in his pending fraud case, saying Prozer lied about trying to buy two luxury cars.
Prozer, 36, was indicted in April on charges of conspiracy to commit mail fraud and wire fraud. According to the indictment, Prozer paid co-defendant Fedor Stanley Salinas, an employee of Wachovia bank, $25,000 to make it appear Prozer had $21 million on deposit to be used as collateral for a $3 million loan from another bank, Park Avenue Bank in Georgia. The $3 million loan was never repaid.
Prozer has pleaded not guilty to the charges, and maintains there is more to the story than the prosecution says. "Nothing about the indictment expresses the truth," he told a reporter in July.
Prozer appeared as a contestant on the Bravo television show "Millionaire Matchmaker" in April 2009. The show features purported millionaires set up on dates by matchmaker Patty Stanger.
When he appeared on the show, Prozer portrayed himself as a successful online entrepreneur, showing off what he said were his private jet and sprawling Florida mansion. He estimated his net worth "modestly" at $400 million. He also ticked off his date by urinating behind some bushes.
And now, he has evidently irritated a federal judge and a federal prosecutor.
According to court papers, U.S. Magistrate Elizabeth Jenkins concluded on Friday that Prozer had lied to her when asked at an earlier hearing about his attempted purchase of two luxury cars for more than $150,000 from Reeves Imports.
More than five months after he was indicted, Prozer still is not represented by a lawyer. Judges have repeatedly instructed him to either hire an attorney or file a financial affidavit to demonstrate he can't afford one. Prozer maintains he has the means to hire a private lawyer and has said for months that he was on the verge of completing the financial arrangements to retain Todd Foster.
But on Friday, when faced with losing his freedom while his trial is pending, Prozer served as his own attorney.