SALT LAKE CITY—A man known as “Scamdaddy” and the “Playboy Prince” has been sentenced to prison for defrauding several Utah credit unions out of nearly a half-million dollars.

Matthew Acquah, 24, of Los Angeles, was also sentenced to three years’ supervised release and ordered to pay $452,000 in restitution.

Acquah pleaded guilty in January 2025 to bank fraud, bank fraud conspiracy, and aggravated identity theft, according to the U.S. Attorney’s Office for the District of Utah.

‘Unwitting Victims’

He admitted he used fraudulent identification documents to open lines of credit on behalf of “unwitting victims,” the U.S. Attorney’s office said in a statement. Acquah would then take out unauthorized cash advances.

In addition, the U.S. Attorney said Acquah also admitted to helping plan and execute several bank fraud sprees in Utah with out-of-state coconspirators.

“He arranged airfare, booked hotel rooms, facilitated vehicles and drivers, trained new recruits, and performed other management functions for the bank fraud ring,” the U.S. Attorney’s office said.

Funds Used to Buy Apartment

According to prosecutors, between December 2023 and June 2024 Acquah said his fraud ring obtained more than $450,000 in fraud proceeds from credit unions in Utah and used his share to buy a downtown L.A. apartment and vehicle.

He was arrested with more than $100,804 in U.S. currency, split between his apartment and an offsite storage unit. That money will be used to repay victims, the U.S. Attorney’s office said.