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Prince Andrew paid by businessman tied to pension rip-off company

Prince Andrew paid by businessman tied to pension rip-off company

Summary

Prince Andrew received payments from Adrian Gleave, a British businessman connected to a company involved in improper pension deals. The payments were discovered during a court case involving funds misused from an elderly Turkish woman. Prince Andrew has not publicly commented on these transactions.

Key Facts

  • Prince Andrew was paid £60,500 by businessman Adrian Gleave in December 2019.
  • This payment was revealed as part of a High Court case involving a Turkish millionaire's misappropriated funds.
  • Adrian Gleave was linked to SVS Securities, a company shut down over pension mis-selling allegations.
  • SVS Securities was accused of investing client funds in risky bonds and charging high fees, leading to customer losses.
  • The Financial Services Compensation Scheme compensated former SVS customers over £41 million in total.
  • Adrian Gleave also managed caravan parks and now works in renewable energy focusing on AI and crypto finance.
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