Friday, July 29, 2011

Taylor And Russell Armstrong Accused Of Investment Scam


TMZ.com:
"Real Housewives of Beverly Hills" star Taylor Armstrong and her soon-to-be ex-husband are now co-defendants in a lawsuit accusing them of shady business dealings.


Two weeks after Taylor filed to divorce Russell Armstrong .... they're both being sued over allegedly misleading investors in a company called NuWay Digital Systems, Inc. (NDS).


Russell -- a venture capitalist -- was CEO of NDS -- which held interest in another company called MyMedicalRecords.com (MMR).


In the lawsuit, MMR claims Russell collected more than a million dollars by selling off NDS shares to investors who were told they were getting a piece of MMR.


The suit claims Taylor and Russell "successfully and secretly" funneled money away from MMR and into their own pockets -- allegedly using the money to invest in a schmancy restaurant with Eva Longoria ... and to redecorate their mansion.


MMR and the Armstrongs reached a settlement over the whole mess ... and the lawsuit claims they have breached that agreement.


MMR wants $1.5 million to make things right.

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