Wendy Williams Demands Wells Fargo Unfreeze Her Assets!
While the bank suspects ‘financial exploitation, dementia or undue influence’, Williams life is a mess. All her finances are frozen by Wells Fargo and she is pissed!!! Continue on for more regarding Wendy Williams suing Wells Fargo…
The 57-year-old hot topics queen, who has been absent from her eponymous daytime talk show since the end of last season in July 2021, is asking the court for an emergency order requiring Wells Fargo to unfreeze her accounts with them.
The only problem is that the bank is not budging on their decision and they remain in “possession of several million dollars’ worth of funds” belonging to the ailing host.
CelebnMusic247.com and CelebnHealth247.com report that Wendy Williams has been denied access to her funds for more than two weeks. She has slapped the bank with a lawsuit demanding that the back unfreeze all of her assets.
The Sun reports;
Her attorney alleged that Wendy’s former financial advisor advised the bank that Wendy “was of unsound mind”, and that Wells Fargo has denied her access to her bank accounts and statements.
Wells Fargo has justified its decision to keep Wendy’s accounts frozen by referencing it’s authority under various client agreements to “pause or reject instructions for a proposed transaction,’ pending judicial or administrative remedies, should they suspect financial exploitation, dementia, or undue influence,” the petition claimed.The host’s legal team claims the bank has overreached in its authority, in part because Wendy has not proposed any transaction which should give the bank the discretion to pause or reject access to the accounts.
Her attorney is seeking court orders by allowing her “access to her financial accounts, assets, and statements,” while her dispute with Wells Fargo is resolved in arbitration.
The petition alleged that Wells Fargo is in breach of their fiduciary duty and that the host is suffering “imminent and irreparable financial damage.”
