Stoltmann Law Offices is investigating Troy Stratos, financial advisor to celebrities and self-described and promoted entertainment entrepreneur. His company, Next Level Media, never made any money, although Stratos reported that it did over a 15 year period. Nicole Murphy, ex-wife of comedian Eddie Murphy, sued him for fraud in federal court, claiming he bilked her out of $11 million after she hired him as her financial advisor. He faces another civil judgment for $2.1 million, after a real estate broker and his friends invested $1.9 million to produce a CD. Stratos used his company to run a ponzi scheme, bilking investors out of millions of dollars, telling investors that he knew Middle Eastern princes who were interested in producing movies with him. He also claimed he knew Carlos Slim, one of the world’s richest men, and that he was buying stock in Facebook for him. Because of this, he told investors the stock could be sold at favorable prices. He sent three wire transfers for $11.25 million to buy the shares.
If you lost money with Troy Stratos, you may be able to recover it by calling Stoltmann Law Offices at 312-332-4200 and speaking to an attorney. We represent investors nationwide in securities matters. The call is free wit no obligation.