Nicole Murphy (left) was conned out of $10 million by former friend Troy Stratos (right)
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When Eddie Murphy and Nicole Murphy were divorced in 2006, she was awarded a $15 million settlement.
Nicole and Eddie Murphy were married for 12 years. They have 5 children
$10 million of it is now gone after Nicole was conned by a former friend she had known for 34 years.
According to the New York Post, Troy Stratos told Nicole that he would invest the money overseas where it would earn a high rate of return.
A federal lawsuit filed in Sacramento alleged that Stratos kept all of the funds and covered Nicole's expenses with her own money.
A majority of the funds were used to finance Stratos' lavish lifestyle.
A trial was set to begin on September 12, but Stratos suddenly decided to plead guilty this week.
It was initially thought that Stratos had stolen $7-8 million from Nicole. Unfortunately for her, it turned out to be much more.
on Wednesday, August 31, he pleaded guilty to 11 counts of wire and mail fraud, two counts of money laundering and one count of obstruction of justice.
The 50-year old is already serving prison time for wire fraud and money laundering after being found guilty in May 2015, of defrauding a Philadelphia investment group out of $11.25 million.
Nicole, 48, told TMZ that she hoped to get all of the money back, if not more. She added that if that wasn't possible she would still be OK financially.
Stratos could end up spending the rest of his life in prison. If convicted of wire and mail fraud he could be sentenced up to 20 years in prison for each crime.
Money laundering and obstruction of justice carry a maximum penalty of 10 years each.
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