With news emerging that there may have been video footage taken of Harry’s naked frolics – and that he has been active on Facebook under the pseudonym Spike Wells – this story may have some more unexpected twists. But if it does disappear into the stuff of embarrassing memory, fear not: it doesn’t take a Nostradamus to foresee a string of highly entertaining scandals heading our way, courtesy of a Swedish count by the name of Erik Wachtsmeister.

It all started some years ago, when the Count was hunting boar on the Bismark clan’s estate in Schleswig-Holstein, northern Germany. In the moments of quietude between having “50 animals coming at you”, he recalls, he was struck by a “good idea”: an invitation-only social network, catering for millionaires and the ennobled.

The logic went like this. As a self-proclaimed member of the international jet set, Wachtsmeister found himself “running into the same people who all know each other” on the well-worn glitterati circuit. Rather than have to share Facebook with hoi polloi, it made sense – to him, at least – to mirror this milieu online, with an exclusive social-network-site-cum-private–members’-club. Fast forward to the present day:bestofallworlds.com has just been launched, and already boasts more than 25,000 users. According to Wachtsmeister, this number includes billionaires and members of various royal families.

Now, here’s a simple equation. Take Prince Harry – or Spike Wells – and his circle, who, as Celia Walden attests, are possessed by a “semi-scatological humour” in which the ability to take off one’s clothes is seen as a comic asset, like “walking around with a whoopee cushion permanently at your disposal”. Add Aidan Burley, the Conservative MP who, like the Prince in his younger days, has a penchant for Nazi fancy-dress parties. Add the members of the Bullingdon Club, and the super-injunction clique of Zac Goldsmith et al, as well as a small army of major and minor celebrities. Multiply by bestofallworlds.com, an exclusive social network which offers the illusion of privacy. Divide by Wikileaks and the community of international computer hackers. Equals? Continue reading on the Telegraph website