Russell Armstrong’s Connection To Mohamed Hadid

In this episode of the Real Housewives of Beverly Hills, Bravo eased Russell Armstrong onto the screen.

It had to happen at some point, to keepthe flow in the storylines. What better way than the awkward dinner with Kyle Richards and Mauricio, in which he accuses Lisa VanderPump of going to the tabloids ?

So strange that Taylor would attend Mohamed’s party for Pandora VanderPump , knowing her husband was not invited. For details on what that non-invite was about, look back to 2003:

 

On March 24, 2003 Russell Armstrong was named in a lawsuit filed by plaintiffs OVS, Inc. and Churchill Reinsurance, Ltd. that claims he and his co-defendants were guilty of securities fraud, misrepresentation, constructive fraud/breach of fiduciary duty, imposition of constructive trust, RICO, unfair business practices, fraudulent conveyance and civil conspiracy.

Charged along with Armstrong, who was identified in the suit as owner or controller of Armstrong Family Trust which was formerly known as or otherwise related to Brentwood Family Trust / Brentwood Medical Trust, are individuals David F. Firestone, Manuel P. Glaze, Tigno Onggara, Jacques Chen, Andy Dube and Mohamed Hadid .

In December of 2000 Tony Vinatieri, an authorized agent of plaintiffs OVS, Inc. (“OVS”) and Churchill Reinsurance, Ltd. (“Churchill”), met with Russell Armstrong. From the court documents:

Armstrong represented to Vinatieri that he was the President of highly successful venture capital funds called Century Financial Advisors and Century Financial Partners. Armstrong stated that he was in the process of forming a hedge fund that would focus on making private investments in public companies (sometimes known as “PIPE” investments) whereby the hedge fund would make short term loans to small publicly traded corporations in exchange for notes plus freely tradable shares of the borrower. Vinatieri expressed interest in participating in the hedge fund.

Shortly thereafter Armstrong provided Vinatieri with information about investing in Brighton Fund. When Vinatieri inquired as to why Armstrong was not listed as a partner or manager on the Brighton Fund documents, Armstrong stated that he had brought in a prominent hedge fund manager named David Firestone to act as the fund’s investment advisor and Andy Dube to act as administrator. On information and beliefe, Armstrong’s statements about Firestone were false. Unknown to plaintiffs and Vinatieri, the true facts were that Firestone and Dube were existing employees/associates of Century Financial Advisors and/or Century Financial Partners who had little or no prior experience running a hedge fund and Firestone was listed as the investment advisor for Brighton Fund because Armstrong was a convicted felon who was barred from having an investment advisor’s license.

There is quite a paper trail on Russell Armstrong and his business dealings, and Taylor Armstrong’s role in these dealings.  Taylor is being sued as of this moment by MyMedicalRecords.Com they don’t believe she’s broke, she has money in off-shore accounts. Much more to this story.

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