A Los Angeles “entertainment¬†entrepreneur” named Troy Stratos has been indicted for fraud charges after allegedly stealing $7 million dollars from a recent divorcee who law officials have identified as Nicole Murphy (now Nicole Mitchell), the ex-wife of comedian Eddie Murphy.

According to Huffington Post:

The indictment charges that Stratos persuaded his victim to invest the proceeds of her divorce overseas, where they would earn a high rate of return. She put the proceeds into a revocable trust with Stratos in Fair Oaks, a Sacramento suburb, according to the federal indictment.

Prosecutors say Stratos never invested the money, but spent it on himself. He also opened a bank account in Florida, they say, and used portions of the money to pay the victim’s expenses while leading her to believe he was paying her expenses out of his own pocket.

Nicole Murphy’s federal lawsuit alleges she put $11 million into a trust with Stratos but he and the other defendants spent the money on themselves.

That scheme couldn’t have sounded right from jump and I’m surprised that Murphy fell for such a huge scam…sort of. I just know that if I was bilked for over 60% of any investment I’d be devastated and that would be on the “hey, I gave you $100 and you kept $60” level. But the difference between $11 million and $7 million? That has to make me feel a little bit sorry for her. Mo’ money mo’ problems indeed.

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  • MissMoj

    Wow, from what this article tells me Nicole seems to be a complete fool. Who invests most of their money for starts? And was 11 million not enough? The interest alone on that is a whole lot of money. Clearly she was not protective enough over her money. What a fool…

  • jamesfrmphilly

    damn! now that’s a player. talked her out of all her money and probably her draws too.

  • The Comment

    Red flag #1 for me was that homeboy was too damn fine. He looked like a smooth operator.

    Hate to say it but this tells me she is not operating with a full deck. Anything over 6k and I’m hiring an private detective and pulling credit reports on you and calling your ex-gf’s to see what kind of person you are.

  • Von

    Big mistake! I’ve noticed that many of these well known divorcees are either dating or marrying men who work in the financial arena which makes me wonder are they giving them bad investment advice? These men are on the lookout for women like this with huge windfalls.

  • African Mami

    Jesus help us women!