December 17, 2011 11:00 pm
Robert Lorsch, CEO of My Medical Records, spoke with MoneyTV about Russell and Taylor Armstrong’s involvement with MMR.
Bob Lorsch states that Shana is NOT the innocent Housewife that she attempts to portray on the Real Housewives of Beverly Hills, but was an actively involved in MMR financial dealings and has deposited money in offshore accounts.
From OTC Showcase:
Once again, it is pertinent to note that at this time MyMedicalRecords.com was not a public company. The company did not become public until 2009 after MMRGlobal went public via reverse merger with Favrille, Inc. All of the actions in the lawsuit transpired in association with the private MyMedicalRecords.com.
Mr. Wiltgen, who is currently designing a palace in Lagos, Nigeria, took the time to speak with us and was extremely cordial and candid in our conversation about his feelings regarding the lawsuit, Russell and Taylor Armstrong, Bob Lorsch and MyMedicalRecords.com. Setting the stage, John explained that he met Russell around Christmas in 2005 through associates in Chicago while the Armstrongs were raising money for MyMedicalRecords.com.
He explained that Russell was extremely convincing and spoke of the investment as, in his words, “a guaranteed, quick return on an investment.” Interestingly enough, John commented on Taylor Armstrong and allegations that she sometimes portrayed herself as a member of the Ford Motor Company family in saying, “Taylor definitely presented herself to me as a descendent of the Ford family,” adding some credence to contentions that she did indeed sometimes behave in that manner. Convinced on the investment, Mr. Wiltgen invested in both the U.S. and Australian versions of MyMedicalRecords.com and gave $25,000 for the U.S. company investment for which he was given 12,500 shares of MyMedicalRecords.com. At a separate time, Russell negotiated a deal with Wiltgen for the purchase of 100,000 shares of NDS (which would one day be convertible to shares of MyMedicalRecords.com) for $45,000.
He explained that Russell had a sick friend who really need the money and that he would be buying-out that person’s investment, although he was instructed to make the check directly to Russell. Eventually, Wiltgen received the converted shares of MyMedicalRecords.com (which converted to 71,294 shares).
According to Wiltgen, Taylor, Russell and John met on several occasions to discuss how the investment was going including John being a guest of the Armstrongs in their suite at the Grammy Awards. Wiltgen said that he was told all was going very well.
Continue reading… here.