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Ask Sacto 911 crime Q&A: What happened to man accused of defrauding Granite Bay woman of more than $7 million?

Published: Thursday, Mar. 27, 2014 - 8:52 pm

Whatever happened to the case of Troy Stratos , who allegedly stole millions from a Granite Bay woman ? Last reported, he was in jail in Sacramento.

– Shaun, Canada

Troy Stratos, 47, remains in Sacramento County Jail awaiting trial on federal charges of mail fraud, wire fraud, money laundering and obstruction of justice.

According to U.S District Court online records, his trial is set for Nov. 4, with a trial confirmation hearing scheduled Oct. 15.

In 2011, Stratos was indicted by a federal grand jury in Sacramento, which accused him of defrauding a Granite Bay woman of more than $7 million by convincing her that he would manage the proceeds of her divorce by investing them overseas, where they would earn a high rate of return. He allegedly represented himself as being wealthy and successful, and involved in the entertainment industry.

At Stratos’ request, the woman executed a revocable trust with Stratos into which she placed the cash proceeds of her divorce and property. Instead of investing the money as promised, Stratos’ allegedly diverted substantial sums from the trust to his personal use.

In May 2013, a grand jury returned a 20-count superseding indictment, alleging that beginning in December 2010, Stratos, using a false name, defrauded a Pennsylvania financial manager of at least $11.25 million.

Call The Bee’s Cathy Locke, (916) 321-5287.

Read more articles by Cathy Locke

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Note: The Sacto911 blog switched blog platforms in November 2013. All posts after the switch are found here. Older posts are available using the list below.

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