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Taylor Armstrong and Husband Russell Sued for Alleged Investment Scam

Truth rating: 10

By Daniel Gates

(GettyImages.com)

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

MyMedicalRecords.com claims the Armstrongs diverted more than a million dollars away from people who invested in a company called NuWay Digital Systems under the impression they’d get MMR shares.

According to the lawsuit, filed in L.A. County Superior Court, the couple pocketed the money to “live a lavish lifestyle,” including the decoration of their home and partnering with Eva Longoria on a restaurant.

The two sides supposedly reached a settlement agreement, but MMR alleges that the Armstrongs are in breach of contract.

Meanwhile, Taylor Armstrong and the rest of the “RHOBH” crew will return for Season 2 (with some new additions) in September.

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