Wendy Williams’ Bank Denies Her Access To ‘Several Million Dollars,’ Refers To Host As ‘Incapacitated’ And ‘The Victim Of Financial Exploitation’
etcanada.comWendy Williams has reportedly been denied access to millions of dollars of her own money. The host, who has taken a break from her show due to ongoing health issues, was said to have claimed in a letter obtained by People that Wells Fargo has “denied [her] any access, whether online or otherwise, to her financial accounts, assets, and statements” for more than two weeks.
The letter, which was sent Feb. 4, stated that the financial services company had “several million dollars” of Williams’ funds that they had frozen after Williams’ former financial advisor Lori Schiller claimed the star “was of unsound mind.” The bank said in the docs that they had “strong reason to believe” that Williams was “the victim of undue influence and financial exploitation,” without going into further details.
They stated they’d reached the conclusion to freeze the account based on “reports of the financial advisor, who has recently witnessed telltale signs of exploitation, including [Williams’] own expressed apprehensions,” adding they relied on reports from “other independent third parties who know [Williams] well and share these concerns.” READ MORE: Wendy Williams Is ‘Making Progress’ With Health But It’s ‘Taking Longer Than We Expected’ Williams explained in the docs that she fired Schiller as “her financial advisor due to Schiller’s malfeasance in relation to her accounts and Schiller’s improper conduct in relation to their professional relationship.” She added that Wells Fargo “continues to rely on Schiller’s advisement as support for its decision to deny [Williams] access to her financial assets and statements,” insisting they “impeded and unlawfully prevented” her access to her finances.
Read more on etcanada.com