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Former reality TV star housed at the Polk County jail

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A one time reality TV personality and pretend multimillionaire is currently housed at the Polk County jail while in custody of the U.S. Marshals.

Michael A Prozer, 38, of Inverness, FL was transported to the jail by a United States Marshal transport officer and booked into the facility last Wednesday.

Prozer appeared on Bravo television's "Millionaire Matchmaker" first season in 2008 claiming to be the CEO of an internet payment processing company. Prozer stated that his net worth was approximately $400 million and showed off his lavish mansion and private jet.

It all went downhill when it was discovered that Prozer was living a lie and his material possessions were obtained through fraudulent schemes.

According to a press release issued by the U.S. Attorneys Office, Prozer, formerly the CEO of Xchangeagent Inc., recruited Fedor Stanley Salinas, a loan officer at a Wachovia Bank in Maryland, to aid in a scheme to defraud a Georgia bank by obtaining a short term business loan.

Prozer reportedly paid Salinas $25,000 for his assistance in obtaining the loan which was fraudulently secured by non-existent collateral.

Prozer and Salinas produced fraudulent bank statements and supporting documents to convince bank officials that Prozer had $21,361,676.82 on deposit when in fact no such funds existed. The scheme resulted in a $3 million dollar loss to the Park Avenue Bank in Valdosta, Georgia.

In April of 2011, Prozer and Salinas were both indicted with wire fraud and conspiracy to commit mail and wire fraud.

Both defendants plead guilty in April of 2012 to conspiracy to commit mail, wire, and bank fraud. Prozer also plead guilty and was sentenced for making a false statement to a financial institution.

In August of 2012, U.S. District Judge Virginia M. Hernandez Covington sentenced Prozer to eight years and six months in federal prison.

Covington sentenced Salinas to 27 months in federal prison, adding that the greater price he will pay is the fact that he will be deported to El Salvador, and will lose his wife and child and have to live in a country where he knows no one.

As part of their sentence, the court also entered a money judgment against each in the amount of $2,959,995, the proceeds of the fraudulently obtained loan.

It is unclear how long Prozer will remain at the Polk County jail. Click here to view ABC News video coverage.

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