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PricewaterhouseCoopers Tearing Their Hair Out With Fergie

PricewaterhouseCoopers Tearing Their Hair Out With Fergie


Rob Starr,
20 August 2010

(blog) It’s easy to imagine that the money gurus at PricewaterhouseCoopers (PwC) have done more than a few jobs in their time which might have caused them some strife. After all, dealing with some of the biggest names in the financial world and having to juggle complicate money systems from one end of the globe to the other can’t be easy.

That’s why it seems so interesting ( and maybe even a little reckless) that anything at all could cause these heavyweights to be ‘tearing their hair out’, but that’s just what The Sunday Express in Britain is reporting. It seems that the firm who espouses the virtues of
“industry-focused services for public and private clients in order to build public trust and enhance value through the application of what we call Connected Thinking” might be regretting ever looking into the former Duchess of York’s affairs.

It appears that a team of these professionals was called to look at Fergie’s books after Price Andrew summoned them to see why his ex-wife could no longer afford to pay her staff. What they found of course was far from good. In fact, the team was able to determine that the former royal favorite had in fact pawned much of her jewelry. Items that had been passed off included:

• A necklace with diamonds on it that had been given to her by her former husband.
• A series of items given to her by Queen Elizabeth
• Some other items that were Wedding gifts from the Saudi Arabian royal family.

Fergie is reportedly GBP 4 million pounds in debt and at least part of the problem stems from her entrepreneurial ways gone astray. Her own company, Hartmoor, fell apart after just a little over a year in business and after Fergie had sunk a substantial amount of her own money into the doomed firm.

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