Meghan Markle finds herself in hot water as the Internal Revenue Service (IRS) launches an investigation into the financial activities of Archwell, the charitable organization linked to her and Prince Harry.
The IRS probe was prompted by suspicions of potential money laundering practices uncovered in the 990 tax form.
Recent revelations have brought to light questionable financial transactions and grant-related issues within Archwell, casting a shadow over the organization's operations.
The latest tax documents have exposed a harsh reality for Meghan and Harry's charity venture.
According to a tax filing made public on December 12th, the Archwell Foundation recorded a significant $11 million decrease in contributions in 2022 compared to its inaugural year in 2021.
While donations amounted to $13 million in 2021, figures plummeted to just over $2 million in 2022, with almost the entirety sourced from two undisclosed benefactors.
Despite this setback, the philanthropic entity still boasts assets totaling over $8.3 million.
In 2020, Archwell reported a meager $50,000 in donations, overshadowed by expenditures exceeding $55,000, primarily allocated towards legal fees.
These expenses were linked to the establishment and dissolution of their previous charitable entities, Sussex Royal and MWX Foundation.
Notably, MWX Foundation underwent a name change following directives from the Queen prohibiting the use of royal titles.
Tax records further unveiled a substantial anonymous donation of $10 million out of the $13 million raised by Archwell in 2020, sparking speculation on the identity and intentions of the mysterious donor, with suggestions ranging from close associates to business partners of the royal couple.
Critics have voiced concerns over the potential misuse of Archwell by Harry and Meghan, alleging that it could serve as a facade for illicit financial activities, tax evasion, and a platform for advancing personal and political agendas.
Queries have also emerged regarding the decision to incorporate Archwell in Delaware, known for its lenient business regulations and tax benefits, often attracting entities seeking to shield financial affairs from scrutiny.
In a bid to maintain their public image, Harry and Meghan released a polished video showcasing their engagements with military veterans, Nigerian schoolgirls, and participation in charitable events, projecting themselves as global ambassadors.
This move, reminiscent of past promotional efforts, was perceived by some sources as a strategic distraction from the unfavorable Foundation report and a means to outshine their royal counterparts, Prince William and Princess Kate, who had recently shared a heartwarming video highlighting their own charitable endeavors.
Reports from the National Enquirer suggest that Harry and Meghan are striving to sustain their relevance within Hollywood circles amidst diminishing influence.
Allegedly, the couple faced a snub from former friends George and Amal Clooney, who omitted them from guest lists for a prestigious event last September.
Despite recent endeavors such as Meghan signing with high-profile agent Ari Emanuel, industry insiders speculate that Tinseltown's patience with the Sussexes may be wearing thin due to their continued attacks on the monarchy.
