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Culture


WENDY WILLIAMS' BANK SAYS SHE'S BEING EXPLOITED AMID FIGHT OVER CASH ACCESS

By Ryan Smith On 2/11/22 at 5:10 AM EST

01:37
What To Know About Wendy Williams’ Health Battles Over The Years
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Culture Wells Fargo Court Finances Legal


Wendy Williams' bank, Wells Fargo, has claimed that she is being "exploited" as
she fights for access to "several million dollars" of her own money.

The TV personality, 57, has been dealing with ongoing health issues that have
forced her to step back from hosting her eponymous talk show this season.

And, according to a court letter obtained by People, the New Jersey native has
accused Wells Fargo of denying her access "whether online or otherwise, to her
financial accounts, assets, and statements" for more than two weeks.

Wendy Williams Dementia Rumors Quashed by Family
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According to her February 4 court filing, which was obtained by People on
Thursday, the action was taken after Williams' former financial adviser, Lori
Schiller, said that that the broadcaster "was of unsound mind."

"Wells Fargo has strong reason to believe that [Williams] is the victim of undue
influence and financial exploitation," the bank has stated in court filings to
explain its move to block her access to the funds. It has not been specified who
or what is allegedly exploiting or influencing Williams.



According to the filing, the bank came to its conclusion based on "reports of
the financial advisor, who has recently witnessed telltale signs of
exploitation, including [Williams]'s own expressed apprehensions." It also cited
reports from "other independent third parties who know [Williams] well and share
these concerns."

Although Williams said in her filings that she had dismissed Schiller, the
filing stated 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."

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This, Williams said, has "unlawfully prevented" her from accessing her funds.


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She has asked the court to take immediate action over the matter, which would
see the unfreezing of her accounts if her request is granted.

Should Williams continue to be locked out of her finances she "will be in
default of several bill payments, including her mortgages, her marital
settlement payment, and employee payroll" and will "continue to suffer imminent
and irreparable harm," according to the court filing.

David H. Pikus, an attorney for Wells Fargo stated in a letter to New York
County Supreme Court Judge Arlene Bluth on Wednesday that the bank has "filed a
petition... for the appointment of a guardian of the property of [Williams]."

Pikus referred to Williams as "incapacitated" in the letter, adding that she has
been "the victim of undue influence and financial exploitation."


Wendy Williams speaks onstage during her celebration of 10 years of "The Wendy
Williams Show" at The Buckhead Theatre on August 16, 2018, in Atlanta, Georgia.
The TV personality is currently locked in a battle with Wells Fargo, as she
attempts to regain access to her finances. Paras Griffin/Getty Images

Denying the allegations, Williams' attorney said in a response letter: "Despite
[Wells Fargo]'s assertion that its suspicions are genuine, their decision to
deny [Williams] access to her financial assets for weeks without providing her
or her counsel with adequate explanation or evidence to support its decision,
and their decision to wait until [Williams] filed an emergency petition for a
preliminary injunction before pursuing, or notifying [Williams] that it had
pursued, a guardianship proceeding gives pause for concern about [Wells Fargo]'s
intentions."



A spokesperson for Wells Fargo said in a statement obtained by People: "We deny
any allegations of improper actions with respect to Ms. Williams' accounts and
are fully participating in a court process to reach a resolution that is in her
best interest. The financial well-being of our clients is at the heart of
everything we do."

Newsweek has contacted representatives of Williams and Wells Fargo for comment.

Williams has been absent from The Wendy Williams Show since the delayed October
2021 premiere of its 13th season. The original September premiere date was
pushed back after Williams contracted COVID.




HOST UNDER 'MEDICAL SUPERVISION'

A statement on The Wendy Williams Show's Instagram account ahead of the season
premiere confirmed that the titular host was under "medical supervision" and had
been "experiencing serious complications as a direct result of Graves' Disease
[an immune system disorder] and her thyroid condition."

The season subsequently launched with a host of celebrity guest presenters,
including Sherri Shepherd, Michael Rapaport, Leah Remini, Michelle Visage and
Bill Bellamy, among others.

In a statement posted on Instagram on November 2021, Williams shared that she
was "making progress," though she added her recovery was "taking longer than
expected."



She added: "I'm a woman of a certain age, and I know enough to listen to my
doctors and will return to my purple chair as soon as we all agree I'm ready."


Wendy Williams is honored with a star on the Hollywood Walk of Fame on October
17, 2019, in Hollywood, California. Williams has been absent from her eponymous
talk show since the Season 13 premiere, due to ill health.
Axelle/Bauer-Griffin/FilmMagic
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