View the article online at http://citywire.co.uk/new-model-adviser/article/a554406
Adviser accused of defrauding Eddie Murphy's ex-wife
by Michelle McGagh on Dec 21, 2011 at 07:51
A Los Angeles-based financial adviser has been charged with defrauding comedian Eddie Murphy’s ex-wife of $7 million.
Adviser and self-described entertainment entrepreneur Troy David Stratos, 45, faces 14 charges of fraud, money laundering and obstructing justice, according to the Associated Press.
Law enforcement sources told the press agency that the victim, named as NM…ex-wife of EM’ in court documents, is Nicole Murphy, the ex-wife of comedian Eddie Murphy.
Stratos is accused of persuading his victim to invest her divorce settlement money overseas, promising a high rate of return, however he did not invest any of the money. It is claimed Stratos spent the money on himself and opened a bank account in Florida from which he used the money to pay for the victim’s expenses, while letting her believe he was paying expenses from his own money.
Murphy put the money into a revocable trust with Stratos.
He also offered to help Murphy sell her home in a wealthy California suburb to a member of a Middle Eastern royal family and recommended she rent luxury cars to make the property more appealing.
Stratos is accused of using the cars and the property and did not arrange for any sale.
News sponsored by:
Today's top headlines
- Sunday Papers: BoE to launch inquiry over forex fixing claims
- Saturday Papers: Independent Scotland would lose UK's AAA rating, warns Citigroup
- FCA issues warning against US firm targeting UK investors
- Nest director John Taylor exits after 12 months
- FCA set to simplify adviser charging reporting rules
More about this article:
by Himanshu Singh on Mar 09, 2014 at 04:54