Real Housewife of Beverly Hills star Taylor Armstrong, who recently filed for divorce from husband Russell Armstrong, is being sued by by a company that claims it hired Russell’s venture capital firm to expand its business.  According to E! Online, the company is alleging that the Armstrongs used the company’s money for personal expenses and remodeling their Beverly Hills mansion – not expanding the MyMedicalRecords.com empire.

Another Housewife mismanaging money?  SHOCKING!

Apparently, Russell was a member of the MyMedicalRecords.com board of directors and was compensated for his consulting services for the company.  According to LA Superior Court documents,  Russell ”breached his fidiciary duty to the corporation by, “engaging in a pattern of self-dealing…designed to enrich’ himself, Taylor and Nuway.”

Yeah, I don’t really understand it either – but it looks like Taylor and Russell won’t just be spending time in court to deal with divorce proceedings for the next couple of months.  Bummer!

[Image: WENN]