Breaking News: Taxpayers' £1m Lost in Failed App Backed by Sarah Ferguson
A lifestyle app backed by Sarah Ferguson, the Duchess of York, has collapsed without launching a product, losing over £1m of taxpayers' money. The app, vVoosh, was founded by Manuel Fernandez, a close friend of Ms Ferguson, who was an investor and described herself as the company's ambassador.
The app promised to help users plan and share their activities, but it never delivered. vVoosh was put into administration last month, and its failure raises questions about the former duchess's business judgment. Ms Ferguson and Mr Fernandez did not respond to requests for comment.
The app's failure comes on the heels of another controversy involving Ms Ferguson. Last month, it was revealed that a crypto-currency mining firm had agreed to pay her up to £1.4m for acting as a brand ambassador. However, the firm also failed, allegedly costing investors millions.
The current status of the investigation into vVoosh's collapse is unclear, but it is expected that the UK government will launch a probe into how taxpayers' money was lost. This is a developing story, and we will provide updates as more information becomes available.
This is a developing story. We will continue to provide updates as more information becomes available.
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