Ask Sacto 911 crime Q&A: What happened to man accused of defrauding Granite Bay woman of more than $7 million?
03/27/2014 8:52 PM
03/27/2014 8:53 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.
Sacto 911 StaffBill Lindelof
More Sacto 911Crimemapper
Send news tips
Sign up for breaking news alerts
Crime Q&ASacramento Bee reporter Cathy Locke answers your questions about crime news, trends and issues. Look up specific cases using Arrest Logs and Sacramento Superior Courts case database.
Submit your question
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.