Monte Carlo is in shock over the revelations of Albert II of Monaco’s former accountant, 67-year-old Claude Palmero. The former 20-year manager of the Grimaldi family’s personal wealth, who was fired on the spot for “embezzlement”, has for weeks been spilling the beans to journalists Gérard Davet and Fabrice Lhomme of Le Monde on the secrets of Albert II’s “magic circle”, whose affairs also invest Italy. The pattern is recurring: financial scams with front men, charitable donations to accredit themselves with the Grimaldis hiding illicit enrichment, scabs passed off as masterpieces and inflated with out-of-control valuations, phantom luxury cars, financial alchemy with boats and insurance companies, real estate speculation, reckless betting on cryptocurrencies that have become waste paper. The daily newspaper Il Giornale tells the story of a Campania entrepreneur duped by a number of characters who gravitate around, and who has been demanding justice in vain for years.
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