Connect with us

US News

**Prince Harry and Meghan Markle Under IRS Scrutiny for Financial Shenanigans**

Photos: GETTY

The News

**Prince Harry and Meghan Markle Under IRS Scrutiny for Financial Shenanigans**

and are currently facing intense scrutiny from the IRS due to their questionable financial dealings involving a total of 11 newly established companies and a perplexing 13 bank accounts located in Delaware.

The couple finds themselves in a precarious situation as their charity venture, the Archiewell Foundation, is experiencing significant financial struggles.

Named after their son , the foundation has seen a drastic decline in donations, plummeting by a staggering 9 million in comparison to the previous year.

In 2022, their donation earnings barely reached 1.6 million pounds, a stark contrast to the previous year's 10.4 million pounds, raising eyebrows across the board.

Amidst the plummeting donations, what raises further suspicion is the disparity between their reduced income and escalating expenses.

Despite the substantial decrease in donations, their expenditures have only seen a slight increase.

The most striking revelation, however, is the exponential rise in their personal salaries.

This begs the question – are Harry and Meghan utilizing their charity as a personal financial reservoir rather than for its intended philanthropic purpose?

The focus of the IRS investigation is honing in on the intricate web of 11 companies established by Meghan and Harry, all strategically based in the tax haven state of Delaware.

These companies, formed since April 2020, are part of the couple's elaborate scheme to expand their already extensive business ventures in the United States.

Delaware, renowned for its lenient business regulations and minimal personal income tax rates, provides a conducive environment for those seeking to exploit financial loopholes without repercussions.

A closer examination of the company names reveals a trend of self-indulgence on the part of the Sussexes.

For instance, Cloverdale, Inc. shares its name with the street where Meghan resided with her mother, Doria.

Additionally, Oranoo Publishing, LLC, could potentially be a sentimental tribute to , while Pekka Publishing, LLC, once held the rights to Meghan's children's book, The Bench.

Other entities such as Hampshire, LLC, and Babb Holdings, LLC, appear to be intertwined with significant milestones in the couple's personal narrative.

Managed by Meghan's longstanding legal counsel, Richard Jenneau, and business manager Andrew Meyer, these companies offer a glimpse into Harry and Meghan's aspirations post-royalty.

However, the fusion of business endeavors with charitable initiatives raises red flags regarding potential exploitation.

It seems evident that the couple may be exploiting Delaware's lax regulations to evade taxes, diverting a substantial portion of charitable donations to sustain their extravagant lifestyle.

While such practices might be permissible within Delaware's legal framework, they epitomize a blatant form of tax evasion veiled under the guise of charitable contributions.

As the IRS delves deeper into their financial affairs, the global audience remains vigilant, anticipating whether the high-profile pair will be held accountable for their actions or manage to maneuver their way out of yet another predicament.

What once appeared as a fairy tale narrative is swiftly transforming into a cautionary saga of avarice and financial mismanagement.

More in The News

Top stories

To Top