SALT LAKE CITY — A 24-year-old California man who referred to himself as “Scamdaddy” has been sentenced to federal prison for his role in a scheme that defrauded Utah credit unions out of more than $450,000, according to the U.S. Attorney’s Office for the District of Utah.
Matthew Acquah received a 36-month prison sentence on April 1, 2025, followed by three years of supervised release. He was also ordered to pay $452,000 in restitution. Acquah, who was also known as the “Playboy Prince,” pleaded guilty in January 2025 to charges of bank fraud, aggravated identity theft, and conspiracy to commit bank fraud.
Authorities say Acquah played a central role in organizing a large-scale fraud operation that targeted credit unions across Utah. He reportedly used fake identification to open fraudulent lines of credit under the names of unsuspecting victims, withdrawing unauthorized funds.
Court records indicate that Acquah was responsible for recruiting and training new participants in the scheme, arranging travel for out-of-state accomplices to assist with fraudulent transactions. Between December 2023 and June 2024, the fraud ring managed to steal over $450,000, with Acquah allegedly using some of the funds to support a lavish lifestyle.
When law enforcement arrested Acquah in Los Angeles, they recovered more than $100,000 in cash from his apartment and a storage unit. The investigation, led by Homeland Security Investigations and the Taylorsville City Police Department, remains ongoing, with authorities providing limited information on other individuals involved in the scheme.
