Real Housewives star Taylor Armstrong and husband sued for $1.5 million for 'misleading investors'

Real Housewives of Beverly Hills star Taylor Armstrong and her soon to be ex-husband Russell are being sued for $1.5 million for misleading investors.

The couple have been accused of misleading investors in a company called NuWay Digital Systems, Inc. (NDS).

Venture capitalist Russell was the chief executive officer of the company, which held interest in another company called MyMedicalRecords.com (MMR).

In the lawsuit, the latter 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.

It also claims the duo ‘successfully and secretly’ funnelled money from MMR and into their own pockets.
It is then claimed to have been used to invest in an upmarket restaurant with Desperate Housewives star Eva.

MMR also accuses the duo of misusing funds to 'live a lavish lifestyle' including paying for interior decorating on their mansion.


Additionally it is claimed they used some of the cash to redecorate their Beverly Hills mansion.

According to TMZ, the two parties had reached a settlement over the affair, but the lawsuit claims they have breached that agreement.

MMR is claiming $1.5 million in damages for breach of contract through Los Angeles Superior Court.