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UPDATE

of is due in a Los Angeles County courtroom this morning to begin the process of answering charges that she and her late husband defrauded MyMedicalRecords.com out of millions of dollars, all the while claiming to be broke.

As Attorney says, perception is everything in the courtroom. Taylor, cover the bony arms and knees, and please, not too much jewelry and no pancake . Don’t try to distract the men with the boobs.

This is an excerpt from an article in MarketWatch ,an interview with Bob Lorsch, CEO of MMRGlobal:

Lorsch was clear that the lawsuit "is not going away." He stated, "I have an obligation to everyone who currently owns shares of the company with the trading symbol ‘MMRF’ on it." He continued, "This is not reality television. I cannot ignore Taylor and Russell’s 2007 settlement agreement when representations in that agreement could represent millions of dollars to our shareholders. Every day I learn more about what the Armstrong’s told investors about privately-held MyMedicalRecords.com and the consulting and fundraising services they provided to others. How many mailing lists did they exploit through Taylors special events invitation service to meet potential investors? Where are the millions of dollars that flowed through their bank accounts and pockets? We have no reason to believe that Russell was broke or that Taylor is a victim of Russell without the ability to pay damages to MMR. Documents show Taylor’s involvement in the handling of money paid to Russell for the benefit of MMR from investors.

TAYLOR CLAIMS SHE SIGNED DOCUMENTS UNDER DURESS (COURT DOCUMENTS)

"During Russell’s bankruptcy it appears that Taylor was a frequent check signer and may have received money intended for MMR. That is why Taylor and Russell were both required to sign the MMR settlement agreement." The press all over newspaper, web and television are painting the picture that Russell and Taylor Armstrong are without assets and completely broke. Commenting on the divorce that Russell and Taylor were currently in the midst of, Russell’s lawyer, Ronald Richards, publicly stated that it was basically going to be a "no asset divorce" and told TMZ, "I feel bad because his credit cards weren’t working … He had tremendous financial problems." This has recently raised questions by the investment community about whether the lawsuit is a waste of time and money for MMRGlobal because no payout should ever be expected. When questioned about this further, Bob first and foremost reiterated prior comments to us that "[this] is a very narrowly-focused case.

As to the true value of the Armstrongs, it appears to be muddied by gossip rhetoric at this moment as it makes for a better headline to print the anomaly of a "Beverly Hills Housewife" not having a penny and losing her estranged husband. The Armstrongs, including Taylor who held herself out as a member of the "Ford" family (confirmed by Crosswhite and others we’ve interviewed) while a sidekick of Russell, show a track record of deceit that should not slip the mind. Time will tell which Armstrong investors will continue to stand up and be recognized as there seems to be more of them out there.

From the court documents I have seen, there are over 200 investors.

The press all over newspaper, web and television are painting the picture that Russell and Taylor Armstrong are without assets and completely broke. Commenting on the divorce that Russell and Taylor were currently in the midst of, Russell’s lawyer, Ronald Richards, publicly stated that it was basically going to be a "no asset divorce" and told TMZ, "I feel bad because his credit cards weren’t working … He had tremendous financial problems." This has recently raised questions by the investment community about whether the lawsuit is a waste of time and money for MMRGlobal because no payout should ever be expected.

MYMEDICALRECORDS INVESTORS ANGRY ABOUT BOOK DEAL

Russell Armstrong raised millions of dollars from many people through consulting and other forms of commission agreements. He took equity in nearly everything he raised money for. He kept some of the equity and sold some off to others. Taylor and Russell spoke publicly about these transactions such as the restaurant with Eva Longaria called "Beso". They openly discussed a ten million dollar film deal on national television." Still on point, Lorsch added, "Before the MMR board removed Russell from MMR, he boasted to me about how he would keep his money in an offshore trust which is why MMR insisted his Trustee for the Armstrong Trust, Manuel Glaze, be a signature on the settlement agreement to help avoid possible fraudulent transfers in the event of a breach."

 

More on Taylor Armstrong

RUSSELL ARMSTRONG/ALAN SCHRAM SUICIDES LINKED?

NANCY GRACE SPINS RUSSELL’S SUICIDE

  5 Responses to “What Will Taylor Armstrong Wear To Court?”

  1.  

    These are the exact reasons it’s very difficult—next to impossible to believe anything this woman says. Russell has no voice now. Investors, courts, lawyers and anyone involved in this escapade they had going won’t be foolish enough to fall into the web of lies that has become the life of the woman with sooo many names! She’s a con artist and in my opinion, her late husband tried very hard (under tremendous pressure from her) to maintain her in the lifestyle she so desperately sought to have for herself and her daughter. Shameful!

    •  

      Responding to the “She’s a con artist…” – I couldn’t agree more! She was representing herself as a “Ford” before she met Russell. What I am curious about is the time line with respect to Russell’s fraudulent activities. Had he been sued before they got together or did that begin after meeting her. Also, I know this may seem odd – but, has anyone considered that Taylor was the dominate one in the relationship. Looking back, his behavior seems to be that of an abused spouse.

  2.  

    So true about her lies. But Ha-Ha, I’m sure the lawyers have all the evidence they need to disprove her claim of duress. Even her friends and castmates question her stories of domestic violence. It’s gonna be very difficult to convince anyone of that after watching her go to Las Vegas for a bachelorette party and giving a lap dance to a male stripper or flirting with a singer from American Idol at her daughter’s b/day party while Russell was alive. Or claiming that he controlled ALL of the money, yet she had a personal assistant, life coach, stylist that brought designer clothes to her home, hired a personal chef for 2 dinner guests, gave at least 2 exorbitantly expensive, ridiculous birthday parties, a diamond necklace and $2000 birthday cake for their daughter.

  3.  

    I think she could be the aggressive one too…did anyone see how crazy she got on that one episode at the ski resort–when she couldn’t find her make up bag??? It was very weird. And if abuse had been going on–wouldn’t the camera’s have caught it? She’s very passive aggressive…I think she could have been the one doing the abusing.

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