MONACO EXPOSED: Prince Albert II’s Accountant Fraud Schemes Uncovered in Geneva Meeting
A Shocking Turn of Events
Prince Albert II of Monaco has been linked to an accountant fraud scheme that could have far-reaching consequences for the Principality’s financial stability and reputation. According to sources close to the investigation, a meeting between Prince Albert II and his former accountant, Claude Palmero, in Geneva last June has uncovered a complex web of financial transactions and real estate deals designed to shelter the Grimaldi family fortune.
The Meeting at REYL Bank
The meeting took place at REYL bank, an institution known for its involvement in tax fraud laundering schemes. Just three weeks prior, Prince Albert II had dismissed Palmero as his accountant. It is believed that Palmero had access to sensitive documents, including five notebooks containing hundreds of interviews with the prince since his ascension to the throne in 2005.
The Safe Deposit Box
Palmero’s lawyers, led by Marie-Alix Canu-Bernard, handed over keys to a safe deposit box belonging to Prince Albert II. The box is said to contain crucial documents related to offshore companies based in Panama and the British Virgin Islands, which hold accounts at REYL bank.
The Swiss-Panamanian Network
The investigation has revealed that the Swiss-Panamanian network, set up before Palmero’s appointment as asset manager, was designed to shelter over €250 million of Prince Albert II’s fortune from prying eyes. The accountant is believed to have strengthened and improved the system during his tenure.
Consequences for Monaco
The consequences of this scandal could be severe for Monaco, with potential political and fiscal implications. The case has raised questions about the prince’s involvement in tax evasion and money laundering schemes, and whether he was aware of Palmero’s activities while they worked together.
What’s Next?
As authorities continue to investigate the matter, it remains to be seen what further revelations will come to light. One thing is certain, however: the reputation of Prince Albert II and Monaco’s financial system have been severely tarnished by these allegations.
Key Points
- Prince Albert II met with his former accountant, Claude Palmero, in Geneva last June amidst growing tensions between the two men.
- The meeting took place at REYL bank, an institution known for its involvement in tax fraud laundering schemes.
- Palmero had access to sensitive documents, including five notebooks containing hundreds of interviews with Prince Albert II since 2005.
- The Swiss-Panamanian network was designed to shelter over €250 million of the prince’s fortune from prying eyes.
- The consequences of this scandal could be severe for Monaco, with potential political and fiscal implications.