Wells Fargo Bank blocks Wendy Williams from accessing bank accounts

Fans have barely seen Wendy Williams since her last public appearance in July 2021. Since then, the New Jersey native’s show has continued to run, with various celebrities filling in as guest hosts in Wendy’s absence.

It was recently announced that Sherri Shepherd will be stepping in as permanent guest host for the show as Wendy missed most of Season 14 due to health issues.

While the legendary talk show host has been away, she appears to be struggling to access her bank accounts. The 57-year-old’s former financial adviser, Lori Schiller, says Williams is “mentally ill”. A court document said Wells Fargo “denied [her] any access, online or otherwise, to their financial accounts, assets and statements.”

The documents further state that Wells Fargo holds at least several million dollars in funds from the talk show host. “Wells Fargo has good reason to believe so [Williams] is the victim of improper influence and financial exploitation,” the bank said as the reason for freezing Williams’ accounts.

While Wells Fargo notes that “reports from the financial adviser who recently saw telltale signs of exploitation, including [Williams]’s own expressed concerns” with reports from “other independent third parties in the know [Williams] good and share those concerns,” Williams, on the other hand, feels the bank “impeded and unlawfully prevented” their access to their bank accounts.

Going forward, Williams is asking the court to stop Wells Fargo from “further interfering with her right to access her financial assets and bank statements.”

The bank adds that Wendy has been in business for 15 years with her financial advisor, who has an illustrious track record of 23 years, further bolstering her beliefs.

If the court rules in favor of Wendy Williams, Wells Fargo will be asked to release their accounts. However, if the court rules in Wells Fargo’s favour, Williams “will default on multiple bill payments, including her mortgage, her prenuptial settlement payment, and her employees’ payroll,” adding that she “will continue to suffer immediate and irreparable harm.”

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