Monaco's Prince Albert II Accused of Indulging Wife's Extravagant Spending

Former accountant for the House of Grimaldi alleges secret payments to former girlfriends and children born out of wedlock.

Prince Albert II of Monaco is accused of indulging his wife, Princess Charlene's, extravagant spending habits, according to allegations made by Claude Palmero, the former accountant for the House of Grimaldi.
Palmero alleges that Albert gave Charlene an annual allowance of $1.6 million, but she still routinely overspent. He also claims that Albert kept a separate bank account to hide payments to former girlfriends and two children born out of wedlock.
Charlene's alleged spending included $931,000 to redecorate her office in her Monte Carlo palace, and another $900,000 to fix up her holiday villa in Corsica.
Palmero was fired last summer over allegations that he anonymously ran a website that documented financial impropriety at the palace. He has since filed a lawsuit and made these allegations public.
Albert and Charlene's marriage has been the subject of fascination and rumors, including allegations that Albert paid Charlene $12.5 million to stay with him.