Wendy Williams Accuses Financial Advisor, Wells Fargo And Former Manager Of Blocking Her Money: 'It's Not Fair'
Photo Credit: Santiago Felipe/Getty Images
Daytime

Wendy Williams Accuses Financial Advisor, Wells Fargo And Former Manager Of Blocking Her Money: 'It's Not Fair'

The Wendy Williams saga is seemingly taking a heartbreaking turn as released a video asking for access to her bank account.

As has been previously reported, Wells Fargo has frozen her assets and is requesting she receive a conservator to take care of her business dealings. Williams is now speaking out about the bank refusing her access.

As she said in an Instagram video released Wednesday, "My thing is that I've been asking questions about my money and when I begin asking questions about my money, suddenly [financial advisor] Lori Schiller has got no response regarding my money."

“I want my money. This is not fair,” she said, according to ET Online. “…Wells Fargo has no questions and answers regarding my money. This is not fair. And Lori Schiller and Wells Fargo has this guardianship petition about keeping me away from my money. This is not right and this is not fair.”

“I know for a fact that Bernie Young used my American Express card to hire an attorney to file a petition against me,” she continued, accusing her former manager. “That was done with my American Express card…Then there’s this person….A former doctor…had medical information about me that I never even got! It was sent over the Lori Schiller. So I haven’t gotten this stuff. I fired this doctor and, again, all I want to know is wherei s my money? This is not right! And certainly, this is not fair…Wells Fargo has used all this stuff to create the guardianship over me.”

Williams accused the New York legal system of "being weird" and said they have no evidence regarding Williams' need of a guardian.

Williams also accused her former financial advisor who allegedly told Wells Fargo to freeze her access to her account, claiming Williams couldn’t manage her own business. Wells Fargo has also issued documents to the court, alleging that the bank has “strong reason” to believe that Williams is a victim of “undue influence and financial exploitation.” Watch Williams’ full video below.

 

The bank backs the financial advisor's reputation, saying he is "a 23-year veteran of the financial services industry with an unblemished record."

They go further, saying it is not only relying on the advisor’s recommendation, “who has recently witnessed telltale signs of exploitation, including [Williams’] own expressed apprehensions.” The bank states it’s also making its decision based on “other independent third-parties who know the petitioner well and share these concerns.”

Williams‘ legal team have filed for a restraining order against the bank, stating in a letter that despite the bank’s assertion that it’s concerned for Williams’ account, “their decision to deny [Williams] access to her financial assets for weeks without proving her or her counsel with adequate explanation or evidence to support its decision…gives pause for concern about [Wells Fargo’s] intentions.”

Shadow and Act is a website dedicated to cinema, television and web content of Africa and its global Diaspora. With daily news, interviews, in-depth investigations into the audiovisual industry, and more, Shadow and Act promotes content created by and about people of African descent throughout the world.

© 2022 Shadow & Act. All rights reserved.