RECENT FINANCIAL SCANDAL IN MONACO? IS PRINCE ALBERT'S FORTUNE HIS TO SPEND AS HE SEES FIT?

Ah, Monaco. One of the tiniest and wealthiest countries in the world, and a cast of characters worthy of any classic Greek play.  Can you really walk across it in a half hour or less?  You can!  It's jammed with wealthy and powerful individuals and Prince Albert II is the Head of State as well as one of the busiest men on earth.

To start, the scandal first began with the possibility that the businessmen involved were profiting personally or taking more money than due them, but extended to criticism about how Albert spends his own fortune.

For this I first reference TOWN AND COUNTRY MAGAZINE : MONACO - ALBERT II - FINANCIAL ADVISORS by Simon Usborne from February 2024

The suggestion of financial scandal began in 2021 and the first reveal was via YouTube! Some of the Prince's long time advisors were involved in the scandal.  Was there anyone left to trust?

Excerpt: In a kind of Wikileaks-sur-mer, the site began posting scanned and lightly redacted documents, including supposed e-mails and bank statements that, "if we are to believe the veracity of these documents" as the newspaper Le Monde cautioned, accused these four men in particular of exploiting their positions and princely patronage to extract enormous wealth from Monaco's superprime real estate market, allegations they were swift to categorically deny.

By June 2023, the once trusting Prince had asked all four men to resign.  

NEW YORK POST : INSIDE DANGEROUS SPENDING : HOW ALBERT SPENDS (HIS PERSONAL FORTUNE IS A BILLION OR MORE)

Reading around this scandal, the Prince's expenditures including an allowance for Princess Charlene and a payment of her overdrafts, allowances for Princess Caroline and Princess Stephanie, as well as generosity to his daughter Jazmin's New York apartment and an allowance for his son, Alexandre. Nicole Coste's once received $850,000 a year but also "decamped" to live in London.  (A man buying his mistress a place to live in for the rest of her life, or which she can sell if in need after the relationship is over is a very good idea.)

So here's my take:  The expenditures for houses, allowances, and so on, for those closest to Albert II are really not all that much considering the cost of things in Monaco and the expenditures related to public appearances that include social events.  Princess Caroline and Princess Stephanie have their own financial resources as well as may some others. I suspect that even with designers possibly giving deals to the beautiful and famous family of Monaco so as to wear their clothing, the need to appear fashionable in keeping with the marketing of Monaco as one of the most expensive destinations on earth means a lot of the money is spent on clothing and jewelry. 

Could YOU afford to live in Monaco? Some websites suggest that about $10,000 a month is average for a single person.

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FLIRTATION

NICOLE COSTE and ALBERT II OF MONACO KEPT THEIR RELATIONSHIP A SECRET FOR SIX YEARS - THEN SHE WENT TO THE MEDIA TO REVEAL IT

THE LIST : NICOLE COSTE AND ALBERT II FEUD MONACO  By Hannah Rice  August 2023

According to this article, Albert and Nicole arrived at the same events in Monaco separately, so as to keep their relationship a secret. They met in 1997 when he was on a plane and she was the stewardess for 1st class travelers. It might have been love at first sight for the both of them.  Their son was born in 2003 and then the status of the relationship and Nicole's in Albert's life - as well as what she was or was not to the citizens of Monaco - became a difficult question.

Excerpt: ...For one thing, it is understood that Prince Albert was not at the hospital when Alexandre was born, leaving Nicole to undergo the pains of childbirth solo.  For another, he was not exactly quick to claim paternity.

On the contrary, Albert dragged his feet on the matter, allowing weeks, and then months, to pass by without taking responsibility for his first-born son.  As explained in the French tabloid L'Express, Nicole had to fight her ex-boyfriend step-by-step on the matter and struggled to obtain proof that Albert was, indeed, Alexandre's father.  In terms of genetic evidence, it has been reported that Albert took a top-secret D.N.A. test, which was performed at a lab in Switzerland.  However, this was only one step in what L'Express called a "long and tough negotiation" between the former lovers.

Missy here!  I don't think that going to the media for resolving relationship issues is the best idea. That Nicole did this tells me she was frustrated with Albert. And also that Albert did not entirely trust or believe Nicole. In this article Nicole spoke of Princess Charlene and a rivalry is revealed. 

But what we want to know is if Nicole is at all responsible for Charlene's long stay in Africa and eventually return to Monaco, only to then head to weeks in a Swiss clinic to address a mystery ailment.  So very many rumors plague these people. 

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IDEALS and REALITY : DECLARATION FOR MISTRESSES

"I will not confuse my ideals and my reality."  

C 2009  Mistress Manifesto BlogSpot First Published November 14,2009

CULTURED CARNATIONS

from Library of Congress

American Carnation Culture (1892)

ENOUGH OF USING E-COMMUNICATIONS and OUTING OTHERS TO BREAK UP : IT'S NASTY IT'S REVENGE and HAS NO PLACE IN ROMANCE

A recent expose of people using e-media such as e-mail and texting to break up or, going low-tech by posting handwritten or banner signage on their lawns to let all the neighbors know, which then made it onto the Internet, had me cringing.

All these people were nasty and revengeful. While they maybe did not know better, I think they all knew what they were doing at the time - but did not consider the consequences. They thought they were outing the person who hurt them but they were also outing themselves. They were letting the world know they are losers at love and mean-spirited.  

A person might be the one in the right, but as soon as the sign is posted everyone will be thinking or saying "It takes two." 

Do your neighbors want to get involved?  They may love gossip and have nothing better to do than spread it, but most people really do not. 

Does someone else want to be partnered with someone so nasty and revengeful?  No!

I realize that most of these people were in emotional pain when they did what they did, but they no longer have any privacy. There is little chance after stunts like this to perhaps resolve the issues and make the relationship better. 

It's horrible for children to deal with. Now children at school will be talking about the sign on the lawn and asking the child of revenge seeking parents about their parent's relationship or making comments. 

As for using text to develop a relationship or to break up. STOP THAT NOW!

Text should only be used when you cannot phone call and phone call should only be used when you can't talk in person. 

This is a person who has shared your life, who you have been intimate with, and if you don't get that and can't be sensitive, I can't feel sorry for you.

If you have been dating, perhaps not exclusively, but it's been several months, and you know the other person has strong feelings for you developing, even if you have not had sex, you should break up with them in person. 

Here are some guide lines.

If you have been married, engaged officially, or have been steadily dating after having a commitment discussion, or you have had sex, a break up absolutely must be done in person. The other person deserves that respect. 

Do you have to give details such as why you are breaking up?  Sometimes it is kinder not to. Forget "Cruel to be kind." That is hostility.  Should you give details about the "other woman" or "other man?"  That you are no longer in love or no longer want the partnership is more than enough. Will the person ask?  Probably.  What is the least hurtful response? I would say you can skip the details until or if it becomes important later.

What if that "other woman" is pregnant and you want a quick unpartnering because you intend to partner (or marry) that person in order to be a father to that child. I think that your current partner needs to know this is true. Your future does not just include another woman who you may or may not marry or be with a long time but also a child who is a responsibility for the next eighteen years or more and might become a half-sibling.

When it comes to that you want or need to break with someone because of a habit or a drastic difference world view, you have to ask yourself if you think the reason is something the other person could change. If they could change it why are you not giving them the chance to? Are you willing to change also?

If you dated a little, no sex, but you're calling time on the developing relationship, make a phone call. Don't ghost this person. A phone call will suffice.  They deserve to know you are moving on so they won't waste time wondering. 

Missy

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STANDOUT

NICOLE COSTE and CHARLENE WITTSOCK'S RELATIONSHIP BEFORE PRINCE ALBERT II "THE PLAYBOY PRINCE" MARRIED CHARLENE? NICOLE COMPLAINS TO THE MEDIA IN 2014.

Although it's certain that Albert II of Monaco and Nicole Coste had a relationship, as their son Alexandre, born in August 2003 has proven, exactly how the Prince was proceeding with Charlene Wittstock is not known.

Albert met Nicole in 1997. 

He and Charlene met in 2000 in Monaco where Charlene was in a swimming competition, and their engagement was announced by the palace June, 2010. They were married in July 2011. So we can figure that the Prince had both women in his life, in some way, for at least a couple years before the birth of Alexandre, and continuing on.

Were the two women rivals for the Prince for some time? Truthfully we do not know that. But we do wonder.... Since we know here at Mistress Manifesto that adultery is not required to have or be a Mistress, it is actually a question of when Albert had Nicole as a Mistress AND when he had Charlene as a Mistress.

Tricky, because it's implied that being a Mistress has to do with a man providing financial advantages to a woman who may have her own work or career.  Due to his fabulous wealth, no doubt he made Nicole's life easier, and as for Charlene, I would say yes he did.

However, in April of 2005, Prince Rainier, Albert's father died, and he was the heir to the throne, which he formally took to in July of 2005. He admitted to having a two year old son.  (He had also admitted to having a daughter as the result of an affair previously.) 

DAILY MAIL :PRINCE ALBERT NOT SEEING SON SINCE MARRYING PRINCESS CHARLENE? by Alexis Parr for Mailonline  published in April 2014

In this article it is stated that Nicole and Albert had a six year relationship.

Excerpt:

In an exclusive interview with The Mail on Sunday, Nicole, who has fought hard - but unsuccessfully - for Alexandre to be recognized as a prince, tells how she was shunned by Monaco society and left to explain to her tearful son why his father no longer sees him.

'The truth is that, I'm sorry to say, Albert hasn't seen Alexandre since a brief visit last September.  It has become impossible since he married that girl,' she says referring to Charlene, 36. 'I suppose as a new wife, how would one feel? But she should think about my innocent child.  I don't want to attack her but I think it is just jealousy and I don't know why.  I have been through hell in my fight for my son's name and future.'

Understandably loath to go into the detail about her son's distress, Nicole leaves it to a close confidante to explain how the distance has affected her son. 'Alexandre misses his daddy dreadfully,' the friend says. 'He has started to feel sad and rejected. He asks, "Why can't I see Daddy?" He has to be told that his father is busy.'

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ALEXANDRE COSTE SPEAKS ABOUT HIS STATUS AND PARENTS - NICOLE COSTE and PRINCE ALBERT II OF MONACO

PEOPLE : ALEXANDRE GRIMALDI by Stephanie Petit  from August 2023

Excerpt:  

Alexandre also spoke about using the last name Grimaldi with his father's encouragement.

"My father's name is Grimaldi. It makes sense that I bear his name. I would have been called Dochomel if my father had been Mr. Dochemel!" Alexandre said. "Besides, I never called myself Coste or Coste-Grimaldi. On no ID, at school or on my diplomas. Those who call me that have a malicious attitude."

"My mother is tender by nature and let a lot of things be said because she was always advised to 'let the story go,' he continued. "Me, I will be more procedural because I was born in France, but I grew up in an Anglo-Saxon country. I'll attack if necessary."

"Nor am I 'illegitimate' since when I was born, neither of my parents was in another marriage, and they did not commit adultery. Using that word is insulting!  I hope no one believes the lies conveyed on the internet. One bears the name of one's father when one has been recognized since birth. I had voluntary recognition from my father when I was a baby. Not from a judge or the press who have forced him to," Prince Albert's son said. "My mother, whom I adore, is my rock, and she is not jealous at all of my choice. If she never said anything about my surname, it's been to protect our privacy....."

Missy here : When I read this, I feel that the recently adult and fairly-well-kept out of the press, Alexandre Grimaldi, who was born as Eric Alexandre Stephane Tossoiukpe on August 24, 2003 in Paris, was feeling defensive and trying to get his side of the story out to the world.  

I agree that neither of his parents were officially married to others at the time and were thus not officially committing adultery. However, adultery is not the deciding factor. Being recognized is not enough to be legitimate. Legitimate and illegitimate are legal terms: if your parents were not married at the time of your birth you are illegitimate. Inheritance is often tied into this. When he is talking about his mother, Nicole Coste, not being jealous of his choice, he means his choice to use the Grimaldi surname. His own mother changed her surname to Coste and called him Alexandre Coste. (Still no legal Grimaldi surname.)

Prince Albert II lives with restrictions to his choices tied in with his role as head of state of Monaco, a tiny but incredibly wealth country. Whatever his relationship with the mother of his oldest son is today, whatever wealth or prestige he chooses to share with Alexandre and Nicole, individually or separately, he has never been married to Nicole and his recognizing Alexandre as his natural son is not even the same as legally adopted him.

As a note, in more recent times both Alexandre and Nicole say they have a much better relationship with Prince Albert than they had previously complained about. Alexandre is becoming an adult and living his own life. It is harder to do that on the world stage and my hope for him is that he will find his niche and be a productive and positively influential individual.

Missy

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