Wendy Williams still has no access to her money after Wells Fargo froze her bank accounts in January, even though she was supposed to have regained control of her $20 million fortune last month, according to a new report. The former talk show host has made it no secret that she’s been disputing a claim made by her bank, who placed Williams’ accounts under the supervision of a financial guardian, insisting in court documents that they believed she was a victim of “exploitation, dementia, or undue influence.”
The 58-year-old has vehemently denied Wells Fargo’s accusations, having stressed in previous videos posted to her Instagram page that she should be entitled to the money she’s earned throughout her four-decade-long career both in radio and TV. According to The Sun, Williams was supposed to regain control of her accounts in July, but sources say Wells Fargo has yet to amend the changes they made to her accounts earlier this year.
“Her team has not been paid since these accounts were shut,” a source told the publication. Her manager is relatively new, but there are people who have been working for her this entire time and they haven’t seen a dime since the accounts were closed either.” Williams is said to be receiving a regular allowance from her financial guardian, but the money she’s getting is barely enough to get by in New York.
“She gets money through the financial guardian, but it’s not like the level of money Wendy Williams would need to get by in New York City. Her manager is footing the bill for a lot of her personal upkeep right now,” the insider added.
As mentioned, Williams’ manager Will Selby is actively trying to help his client regain access to her fortune, though the situation has been more problematic than anyone would have thought.
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After having hired a new team since her talk show, “The Wendy Williams Show,” ended in June, Selby is hoping that he can prove to the court that the people who were running Williams’ finances in the past are long gone and that there should be no hold-up on the mother-of-one from being in control of her finances without a financial guardian in place.
“Whatever was supposed to happen in July with the accounts being unfrozen, didn’t happen,” Selby told the news outlet.