Jul
30
Real Housewives’ Taylor Armstrong sued in $1.5-million lawsuit
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The Real Housewives of Beverly Hills are the gift that just can’t stop giving – Already embroiled in a messy divorce, Taylor Armstrong and her soon-to-be-ex are now being sued for an alleged million dollar fraud.
In a lawsuit filed yesterday afternoon in L.A’s Superior Court a firm called ‘MyMedicalRecords.com’ claims they hired Russell’s Venture Capital firm ‘Nuway Digital Systems’ to raise money so the bosses could enlarge the business.
But the suit claims the Armstrongs calmly pocketed more than $1-million from investors who were ‘conned’ into thinking they were actually investing in the medical group. The plaintiffs accuse the feuding pair of using those funds to ‘live a lavish
lifestyle,’ including redecorating their spacious Beverly Hills mansion.
The suit goes on to complain Russell “holds himself out to the public as a successful venture capitalist who has been instrumental in obtaining $2 billion in capital funding for new business ventures.”
The firm was later bought out by another group called ‘MMR Global’ – of which Russell was a director at the time of this deal. The suit claims this proves he abused his fiduciary obligations by “engaging in a pattern of self-dealing…designed to enrich himself and Nuway.”
And (Read more...)