Prince Andrew Arranged Buckingham Palace Tour for Firm in £1.4m Deal with Sarah Ferguson
Prince Andrew Arranged Buckingham Palace Tour for Firm in £1.4m Deal with Sarah Ferguson

Prince Andrew Arranged Buckingham Palace Tour for Firm in £1.4m Deal with Sarah Ferguson

News summary

Prince Andrew arranged a private Buckingham Palace visit in June 2019 for executives from Pegasus Group Holdings, a cryptocurrency mining firm that had a business agreement worth up to £1.4 million with his ex-wife, Sarah Ferguson. The executives, Jay Bloom and Michael Evers, were driven through the palace gates in Andrew's car and later attended his Pitch@Palace event before dining with Andrew, Ferguson, and their daughter, Princess Beatrice. Ferguson worked as a "brand ambassador" for Pegasus, promoting a failed project to mine Bitcoin using solar power generators in Arizona, which produced only a fraction of its planned output and led to a legal dispute over missing investor funds. Ferguson reportedly received over £200,000 for her role, with a bonus of £1.2 million and perks including first-class travel and luxury accommodations. The revelations have raised questions about how Andrew and Ferguson funded their lifestyles and whether Andrew exploited his royal status for personal gain. Following renewed scrutiny, Buckingham Palace has begun the process of stripping Andrew of his royal titles and removing him from his Windsor residence amid ongoing controversies including his ties to Jeffrey Epstein.

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