Michael Anthony Prozer III turned out to be a millionaire scam artist after federal prosecutors charged with mail, wire, and bank fraud. He pleaded guilty to the charges.

Prozer appeared in season two of the ever popular Bravo dating show 'Millionaire Matchmaker,' a series that matches single millionaires with potential spouses. In an episode that aired in 2009, Prozer goes out with a beautiful brunette named Elena who was none too impressed by him.

For years, even before his stint on 'Millionaire Matchmaker,' Prozer claimed he was the CEO of Xchangeagent Inc., an online payment service for South Americans. He said he owned a mansion and a private jet. Prozer is also the father to two young sons, reported ABC.

Based out of Tampa, Florida, Xchangeagent Inc. elicited the help of financial specialist Fedor Stanley Salinas who convinced bank officials to give them short term business loans, claiming they had $21 million in deposits at a Wachovia Bank for collateral, reported the Tampa Bay Business Journal.   

[Prozer] was able to bribe [the financial specialist] to demonstrate he had millions of dollars deposited in the bank, said Criminal Defense Attorney Dana Cole to ABC News.

That's what makes him convincing, is that he can tell the world, 'Hey you know the bank says I'm a multi-millionaire, so I must be,' said criminal defense attorney Cole.

Park Avenue Bank, where the fraudulent claims were made, lost about $3 million.

Prozer plead guilty before the trial started. Court watchers were surprised by the development.

I think he figured that the government had the goods on him, his frauds had been exposed, Cole said, and it was time to cut his losses and enter an early guilty plea.

Prozer is facing a multiyear prison sentence in federal prison, though the exact length is unknown as of yet.