Man called ‘Scamdaddy’ sentenced for defrauding Utah-based credit unions out of $450K

SALT LAKE CITY (ABC4) — A California man who called himself “Scamdaddy” was sentenced for his involvement in a scheme to defraud Utah credit unions out of more than $450,000, the U.S. Attorney’s Office for the District of Utah said.

Matthew Acquah, 24, was sentenced on April 1, 2025, to 36 months of imprisonment and three years of supervised release, and was ordered to pay $452,000 in restitution. Acquah — who was reportedly referred to as “Scamdaddy” and “Playboy Prince” by himself and his co-conspirators — pleaded guilty to bank fraud, aggravated identity theft, and bank fraud conspiracy in January 2025.

Acquah was one of the people helping run a bank fraud ring, which had reportedly stolen more than $450,000 from credit unions based in Utah.

“Acquah admitted that he used fraudulent identification documents to open lines of credit on behalf of unwitting victims and then take out unauthorized cash advances,” the attorney’s office said Tuesday. “He also admitted helping plan and execute numerous bank fraud sprees in Utah involving out-of-state coconspirators.”

According to court documents, Acquah and another defendant recruited “low-level coconspirators from across the country.” The attorney’s office said Acquah would arrange travel accommodations and train “new recruits” within the bank fraud ring.

The attorney’s office said Acquah admitted that his fraud ring obtained more than $450,000 from Utah credit unions between December 2023 and June 2024. Acquah used some of that money “to fund a lavish lifestyle” and was arrested with more than $100,000 in his Los Angeles apartment and an “offsite storage unit,” according to the attorney’s office.

Homeland Security Investigations and the Taylorsville City Police Department investigated the case. Additional details were not provided about the other alleged members of the bank fraud ring.