Eddie Murphy’s Ex Conned out of Nearly Half of Divorce Money

December 21st, 2011 - By Brande Victorian

Nicole Murphy took away $15 million from her marriage to comedian Eddie Murphy when they divorced in 2006, but now she’s been conned out of nearly half of that in just five years.

Acting as her financial manager, Troy Stratos defrauded Nicole out of $7 million—telling her he had invested her money overseas, when he actually just transferred most of it to his personal accounts.

Stratos also promised to help Nicole sell her home in Granite Bay, CA; instead he lived there in secret, rent free, and leased luxury cars in her name, TMZ reports.

As if that wasn’t enough, he also convinced Nicole to refinance that home and another in Sacramento, and then he used the money for his own personal expenses.

Luckily, Nicole finally caught on and the conman was indicted on charges of money laundering, mail fraud, and obstruction of justice, but I can’t even imagine the blow to her ego, not to mention her bank account. I can barely stand when I lose $5, I can’t even imagine what losing $7 million must feel like.

Brande Victorian is a blogger and culture writer in New York City. Follower her on Twitter at @be_vic.

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  • KNB1

    All I can say is wow and I hope she can recover some of her money. I just had a conversation and said I can’t imagine having a financial advisor without having a clue of where my money was going. I would be doing random checks and everything to make sure everything lined up, but then again I’ve never had to handle anything close to $15 million so that could get pretty hectic!