Within Disgraced Ex-Prince Andrew’s Concealed Palace Digital currency Transactions

According to a recent BBC report, Andrew Mountbatten Windsor, who was previously known as Prince Andrew, set up an exclusive tour of Buckingham Palace for two crypto asset entrepreneurs linked to a £1.4 million deal concerning his former spouse, Sarah Ferguson. 

This visit occurred in June 2019, with the attendees being officials from Pegasus Group Holdings, which is a crypto asset block rewards firm that had proposed to Ferguson a sum of up to £1.4M via a business arrangement.

In the same year, Pegasus publicly appointed Ferguson as their brand ambassador. The company enlisted her to advocate for an off-grid data center initiative in Arizona, dubbed “The Hive,” which was marketed as a renewable energy project.

The tour and networking event have come to light once again as the palace moves to revoke Andrew’s remaining honors, intensifying the pressure on the already beleaguered royal.

Reports from UK media indicate that U.S. entrepreneurs Jay Bloom and Michael Evers were transported through the palace gates in a vehicle owned by Prince Andrew. 

Afterward, they participated in a Pitch@Palace event at St James’s Palace and dined with Andrew, Sarah Ferguson, and Princess Beatrice.

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Did Andrew’s Royal Role Compromise His Private Business Endeavors?

The group acquired merely 615 of the 16,000 generators they intended to use. The project yielded around $33,779 (£26,677) in cryptocurrency before it collapsed, leading to investor losses.

Ferguson received in excess of £200,000. A leaked contract indicates she could have gained an additional £1.2M and equity.

Bloom claims he did not encounter the late Queen during the visit. Evers asserts that he did. Buckingham Palace did not respond to inquiries for a statement.

These revelations surface as the royal family escalates action against Andrew. On October 30, King Charles III initiated the process of revoking Andrew’s styles, titles, and honors. 

Moreover, today, the UK defense secretary announced that the government is “taking steps to annul” his last military rank, vice-admiral, at the King’s direction.

Andrew refutes long-standing allegations associated with Jeffrey Epstein. He retreated from public engagements after a damaging BBC interview in 2019 and subsequently settled a U.S. civil lawsuit in 2022 without admitting wrongdoing.

This access to the palace underscores a persistent concern regarding the delicate boundary between Andrew’s royal status and his private business pursuits. This pattern has shadowed him for years.

Records illustrate that Ferguson’s collaboration with Pegasus was both formal and promotional. Yet, recent reporting connects that to privileged access within royal properties and to investor losses that followed the downfall of the cryptocurrency initiative.

The timing is notable. As the King and government act to strip Andrew of his remaining honors, this incident raises new questions about judgment and trust within the institution.

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The article Inside Disgraced Former Prince Andrew’s Secret Palace Crypto Deals was originally published on 99Bitcoins.