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Taylor Armstrong

I Got Screwed Over

My $250k Engagement Ring

5/30/2012 4:53 PM PDT BY TMZ STAFF
EXCLUSIVE

Taylor Armstrong Engagement Ring listed on eBay

Turns out "Real Houswives of Beverly Hills" start Taylor Armstrong is NOT selling her engagement ring on eBay -- the company that sued her is selling it, because Taylor surrendered the bling to get out from under a huge legal mess.

The ring her deceased husband Russell Armstrong gave Taylor was placed on the auction block this morning. 

Now here's what we know ... Taylor and Russell were sued by investors who claimed Russell fleeced them out of millions of dollars.  The case settled, but the Armstrongs didn't pay.  So the investors went after them again -- this time with a vengeance. 

Since Russell committed suicide, Taylor has now struck a new settlement deal with the investors to make the whole thing go away. The new deal was struck yesterday, which requires Taylor to pay an undisclosed amount of money to the investors and fork over a bunch of personal property -- INCLUDING THE ENGAGEMENT RING.

So the investors are the ones who put the ring on eBay and hope to fetch a quarter of a million bucks.

Sources close to Taylor tell us she's really pissed and feels she's been backed into a corner because of Russell's misdeeds.  She wanted to fight, but can't afford the legal war.

Taylor wanted to pass the ring on to her daughter when she got married.

0530_taylor_armstrong_ring_ebay_asset_v3

111 COMMENTS

No Avatar
1.

bc    

What? This story makes no sense at all...

"Since Russell committed suicide, Taylor has not struck a new settlement deal with the investors to make the whole thing go away. The new deal was struck yesterday"

878 days ago
2.

Stiletto    

Well, since Russell only gave it to her so she would screw him...there is some poetic justice here.

878 days ago
3.

JiLL1    

Well, they did both lived comfortably with the money that dirtbag stole & why would she want to pass on that ring to her daughter since it came from an abusive husband. True it was given by the child's father but still. She doesn't need its bad karma

878 days ago
4.

SusanCoyote    

She is a nasty piece of work! She deserves all bad things. Fish Face!

878 days ago
5.

Old School Woman    

Would this duck-lipped, bolt on breasted, fame_hore give it a rest. Let your creditors sell the ring. Get yourself out of debt and out of the media. Think about your daughter for once in your life. You bashed her father as an abuser, so why would she want something from him to remind her of that. I'm not saying you were not abused, but for goodness sake stop having all your problems dragged through the media for all to see. Your daughter will be the one to suffer in the future. STOP, GIVE UP THE RING and MOVE ON!

877 days ago
6.

Susan62509    

When you are married you are jointly responsible for each other's debts and taxes. Point being, don't spend what you don't have.

877 days ago
7.

chicagannie    

Ugly ring, ugly woman, ugly situation. PAY YOUR BILLS!

877 days ago
8.

Abe    

I'm tired of the Real Housewives of anywhere. Please ban them from TMZ.

877 days ago
9.

M    

She KNEW what Russell was up to... in fact she participated. Sweetie you've been living BEYOND your means for YEARS! That ring was bought with stolen money... quit the whining and STFU!!!

877 days ago
10.

scoopie    

The fact that his business partner committed suicide right after he did tells you there was a lot of money involved.

877 days ago
11.

mousetrap    

There is nothing that screams wealth and class more than a plain gold wedding band and/or understated wedding ring set. And then they have jewels everywhere else. A lot of very wealthy women know this, but it is usually the "new money" or "crass underclass" who wear big wedding/engagement rings. There are always exceptions, of course. But generally speaking, this is true.

877 days ago
12.

amazinglybored    

I feel sorry for the daughter, that's all.

877 days ago
13.

boo    

I used to work at a jewelers and have seen yellow diamonds up close and I have to say that to me, they are NOT an attractive stone. Chocolate diamonds are also not a pretty stone. Pink diamonds, on the other hand, absolutely fabulous!

877 days ago
14.

Jenn    

"She wanted to give it to her daughter when she got married..."

Taylor wanted to give her daughter a ring from a failed, abusive marriage that ended in her father's suicide? I think I'd give mom a big ol' "NO THANKS" on that one.

877 days ago
15.

Martina    

Taylor is such a huge inspiration to women. A total class act. You are in everyones prayers Taylor stay strong.
A real shame that such an elegant and classy lady has to go through such a struggle.

877 days ago
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