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Posted at 03:21 PM ET, 05/14/2012

In other news: Queen’s cousin, Prince Michael, got $500K from Russian oligarch

Prince Michael of Kent at, what else, a horse show last week in Windsor, England. (Chris Jackson/Getty Images)
Prince Michael of Kent says there’s nothing shady about the more than $500K he received from Russian tycoon Boris Berezovsky. The payments — sent to Queen Elizabeth’s first cousin via offshore accounts from 2002 to 2008 — were reported this weekend by London’s Sunday Times. The prince, 69, who does not get a government paycheck, has faced allegations over the years that he trades on his title to live beyond his means. Reps for both the prince and the oligarch — who sought asylum in the U.K. after feuding with Vladi­mir Putin and facing criminal charges — said the financial support was a gift between friends, “conducted properly,” reports the Associated Press. But what was the money for? Who knows. It’s hard out there for a prince.

Earlier, a day in the life of Prince Michael, doing one of those official-visit-type things that keeps the queen’s extended family busy: Prince Michael pays a visit to British School, gives royal thumbs-up, 2/17/11

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