Wells Fargo says Wendy Williams is INCAPACITATED after she sues bank for freezing assets
Wendy Williams' bank alleges she is an 'incapacitated person' who requires guardianship. Wells Fargo made the surprise allegation in response to Williams' attorney's petition last week alleging that the bank froze her funds based on accusations from Williams' former financial adviser that she was "of unsound mind." While the court battle continues, gossip and doubts about Williams' health have become prevalent as she remains absent from 'The Wendy Williams Show'.
Williams, 57, requires a professional to supervise her affairs, according to Wells Fargo attorney David H Pikus, who wrote to New York Supreme Court Judge Arlene Bluth to request a hearing. Pikus wrote, “We are concerned about [Williams'] situation. It is our hope that the Guardianship Part [of the court] will imminently appoint a temporary guardian or evaluator to review the situation and ensure that [Williams'] affairs are being properly handled,” The Sun reports.
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Earlier, Williams' lawyer Celeste N McCaw filed an emergency petition accusing Wells Fargo of withholding her access to her "accounts, assets, and statements" for more than two weeks. A statement from Williams' former financial advisor Lori Schiller, she alleged, was the bank's sole reason to bar her from the assets.
According to court filings, Schiller was fired as a result of suspected "malfeasance" in the administration of Williams' accounts. "Improper behavior in respect to their professional relationship" was also filed against Schiller.
However, Pikus wrote to Bluth that Wells Fargo had "strong reason to believe" Schiller.
"Because of the sensitive material involved, he requested that the matter be kept out of the public eye," Pikus noted, adding "other independent third parties who know [Williams] well ... share these concerns."
Williams denied being the subject of "undue influence and financial exploitation," according to McCaw's response to Pikus' letter. She urged the judge to issue a temporary restraining order against Wells Fargo, preventing the bank from "interfering with her right to access her financial assets and statements" by continuing to freeze Williams' accounts.
The claims were dismissed by Wells Fargo. A Wells Fargo representative told The Sun, "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."