The torque converter will in fact multiply torque, most converters will almost double the torque at full stall, the less the converter slips the less torque multiplication takes place. It's hard to explain how this happens without pictures but basicly (and very oversimplified) there is a third set of blades between the turbine and the pump inside the converter that redirects the fluid and keeps the fluid from bouncing off the pump blades and and hitting the turbine blades in the opposite direction and causing drag. Instead it bounces off the the stator blades which redirects the fluid the correct direction and gives it a second push and this is where the torque multiplication effect comes from. So long story short stator turns a fluid coupling (very inefficient) into a torque converter that multiplies torque during slippage.
I'm sure I lost you a by the second line, just run a google and learn all you want.