Connect with us

News all day

**Title: Archul Foundation Faces Bankruptcy Amid Missing Donations Scandal**

Photos: GETTY

Must Read

**Title: Archul Foundation Faces Bankruptcy Amid Missing Donations Scandal**

Recent reports have emerged indicating that the Archul Foundation, co-founded by and , is facing dire financial challenges, leading to its filing for bankruptcy.

The non-profit organization is grappling with the alarming disappearance of over $1 million in donations, raising serious questions about its financial management.

The Archul Foundation was established in April 2020, shortly after Harry and Meghan stepped back from their royal duties.

The couple envisioned the foundation as a means to foster compassion and community engagement, combining the Greek term for action with goodwill.

Their mission encompassed a variety of social issues, including racial justice, gender equity, climate change, and mental health.

Initially, the public responded positively, contributing generously to support this noble cause.

However, the financial landscape of Archul has taken a drastic turn for the worse.

Just last week, the foundation filed for Chapter 11 bankruptcy protection in California, revealing debts exceeding $10 million while only having around $100,000 in assets.

This stark reality has left many wondering where all the funds have gone and whether the foundation can recover from this predicament.

The bankruptcy filings suggest that creditors may soon initiate litigation to reclaim lost donations.

This development has sent shockwaves through the philanthropic sector, prompting widespread speculation about the fate of the contributions made by well-meaning supporters.

Financial documents obtained by TMZ reveal a troubling pattern: none of the projects or partnerships listed by Archul ever appeared to receive the funds that were earmarked for them.

Concerns began to mount last fall when partner organizations voiced complaints about not receiving promised funding from Archul.

When pressed for explanations, representatives from the foundation provided vague responses, often attributing delays to the ongoing COVID-19 pandemic or the complexities of establishing a new nonprofit.

Now, those same organizations are threatening legal action if they do not receive clarification and their owed funds.

An insider, who requested anonymity, remarked on the apparent lack of oversight regarding the donations, suggesting that there were no effective financial controls in place.

The situation has escalated further, with sources indicating that could potentially be named as a defendant in upcoming lawsuits.

Reports indicate that she was actively involved in managing Archul's finances and directing fund allocations.

Emails acquired by a law firm preparing a class-action lawsuit against Archul and its leadership reportedly show Meghan discussing significant monetary transfers.

However, representatives for the Sussexes have firmly denied any wrongdoing, asserting that Meghan merely served as an unpaid advisor and was not responsible for the foundation's financial decisions.

Yet, with such a substantial amount of money unaccounted for, her role is now under intense scrutiny.

The allegations surrounding Archul have sparked wild speculation, including theories of embezzlement or misappropriation of donations for personal expenses.

It's crucial to emphasize that these theories remain unproven; nonetheless, the gravity of the situation could plunge Harry and Meghan into a major legal battle.

If substantiated, these claims would represent a significant fall from grace for the couple, potentially leading to accusations of fraud and mismanagement.

This unfolding drama comes at an inopportune time for the Sussexes, particularly as they recently secured lucrative contracts with Netflix and Spotify, collectively worth over $100 million.

The controversy surrounding missing donations threatens to overshadow their brand and tarnish their aspirations of becoming prominent humanitarian figures.

As for Meghan, the scandal raises pressing questions about her title as a duchess.

With allegations of financial impropriety looming, many are debating whether she can retain the prestige associated with her royal status.

British tabloids have already begun to unleash scathing headlines, with one publication even dubbing her the “Duchess of Deception.”

The implications of this scandal are profound, casting a long shadow over both Harry and Meghan's reputations on both sides of the Atlantic.

As the story continues to develop, the world watches closely to see how this high-profile couple navigates the turbulent waters of financial accountability and public perception.

Continue Reading
Advertisement
You may also like...

More in Must Read

Viral stories

Popular topics

Archie Camilla Kate Middleton King Charles Lilibet Meghan Markle Oprah Winfrey Prince Andrew Prince Edward Prince Harry Prince Louis Prince Philip Princess Anne Princess Beatrice Princess Charlotte Princess Diana Princess Eugenie Prince William Queen Elizabeth

To Top