Andrew Secures £1.4m Deal, Facilitates Palace Visit for Firm

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ago 8 hours

Andrew Secures £1.4m Deal, Facilitates Palace Visit for Firm

Andrew, the Duke of York, secured a £1.4 million deal that facilitated a visit to Buckingham Palace for his associates. This visit was connected to a business event called Pitch@Palace, a competition designed to help entrepreneurs showcase their innovations.

Pitch@Palace Event Overview

This event took place at St James’s Palace. It was designed for budding entrepreneurs to pitch their business ideas to potential investors. Andrew, who organized the event, invited notable attendees.

Notable Attendees and Associations

Mr. Evers: Reported to have met the Queen during the event.
Mr. Bloom: Disputed Mr. Evers’ claims regarding the Queen’s presence.

Later that evening, guests including Andrew, Ms. Ferguson, and Princess Beatrice dined together. At the time of the palace visit, Ms. Ferguson was associated with Pegasus Group Holdings.

Controversial Bitcoin Mining Project

Ms. Ferguson’s project aimed to utilize solar power generators in the Arizona desert to mine Bitcoin. However, the initiative suffered setbacks, acquiring only 615 of the intended 16,000 generators. The cryptocurrency mined amounted to just $33,779 (approximately £25,000).

Legal Issues Arising

In April 2021, several investors took legal action, alleging that millions in funds were unaccounted for. A tribunal subsequently awarded the investors $4.1 million, although Mr. Bloom is currently seeking permission to appeal this ruling.

Scrutiny on Andrew’s Lifestyle and Funding

This venture has raised questions regarding how Andrew and Ms. Ferguson support their lifestyle. Concerns also focus on whether Andrew exploited his royal connections for personal gain.

Recently, Buckingham Palace announced it would begin the process of stripping Andrew of his royal titles. He will also lose his Windsor residence as public criticism of his ties to Jeffrey Epstein intensifies.