Eddie Murphy’s Ex-Wife Nicole Murphy Was Conned Out Of $10 Million

Nicole Murphy

Nicole Murphy

Whether you’re broke (which is relative), comfortable or filthy rich — one must be UBERLY careful with whom they trust their coins with. Just ask Nicole Murphy who trusted incarcerated con man Troy Stratos, who was her childhood friend, with a substantial amount of her money.

Eddie Murphy

Eddie Murphy

Santos, who is on trial, has plead guilty and admits that he conned Eddie Murphy’s ex-wife, to the tune of $10 million.

Hollywood Exes circa 2012

Hollywood Exes circa 2012

Murphy, who starred on VH1’s Hollywood Exes, entrusted much of her settlement money from her divorce to Eddie, to Stratos whom she had known for 34 years.

According to a report, she had been promised that he would invest the divorce proceeds overseas — where it would earn a high rate of return.

2015 ABC Mother's Day Luncheon - Arrivals

However, in the federal suit it was learned that Stratos diverted to himself millions of dollars of the reality star’s money that was intended for overseas investment — and that he covered Murphy’s expenses with her own funds.

The trial had been set for Sept. 12, however his change of plea came this week, 15 months after a federal jury found him guilty of defrauding a Philadelphia investor group out of $11.25 million.

Reportedly, the group was under the impression that it was buying pre-IPO Facebook shares from Carlos Slim, with Stratos, under the name of “Ken Davis,” serving as the Mexican billionaire’s agent. But investors claim they never received the shares, and funds wired for their purchase wound up being misspent by Stratos.

He is scheduled to be sentenced on Nov. 17 for both the Facebook trial and Wednesday’s guilty plea. He still faces a federal suit that accuses him of inducing the Venable law firm to participate in the Facebook fraud, and a state claim that alleges he conspired with Bank of America to rip off Murphy.

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Authored by: Kellie Williams