Troy Stratos, the self-described entertainment entrepreneur and globe-trotting businessman, was found guilty Tuesday in federal court in Sacramento of concocting an $11 million fraud involving Facebook stock.
Stratos, 49, whose taste for the high life included a $14,000-a-month Marina Del Ray condominium, exotic luxury cars and his self-described friendship with comedian Eddie Murphy’s ex-wife, was convicted of four counts of wire fraud and two of money laundering.
The eight-man, four-woman jury in U.S. District Court in Sacramento deliberated less than two hours on its verdict, which came at the conclusion of a nine-day trial before Judge Troy L. Nunley.
Stratos, who did not testify in the case and did not noticeably react to the verdict, still faces trial in the fall on charges that he swindled Nicole Murphy out of $8 million by promising to handle her financial affairs following her divorce from Eddie Murphy.