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America February 11, 2022 3 mins read

Wells Fargo freezes Wendy Williams account claims she is ā€˜Incapacitated’ and needs a guardianship

America ı By Jackie Allen

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Wendy-Williams

After Wendy Williams fired her Wells Fargo-affiliated financial adviser, Lori Schiller, the bank froze her bank account. And on Thursday Wells Fargo is claiming the TV star is an ā€œincapacitatedā€ person who needs guardianship. It hasn’t been disclosed, so far, if the bank is suggesting someone for the role.

The move came after Williams’ attorney Celeste N. McCaw filed an emergency petition last Friday claiming Wells Fargo had ā€œfor more than two weeksā€ denied the TV host, 57, access to her ā€œaccounts, assets and statements.ā€Ā 

McCaw requested a temporary restraining order against Wells Fargo to restrain the bank ā€œfrom freezing [Williams’] accounts and interfering with her right to access her financial assets and statements.ā€

Her accounts have millions of dollars. And her attorney is claiming that she is unable to pay her bills since her accounts have been frozen.Ā 

That’s when Williams and her attorney were informed that Wells Fargo was requesting New York Supreme Court Judge Arlene Bluth give them a hearing. Because after her former financial adviser Lori Schiller alleged Williams was ā€œof unsound mind.ā€

In court documents, McCaw claimed that Williams had fired Schiller as her adviser due to alleged ā€œmalfeasanceā€ involving her bank accounts as well as ā€œimproper conduct in relation to their professional relationship.ā€ However, the lawyer acknowledged Williams ā€œcontinues to rely on Schiller’s advisement.ā€

Bank and Schiller claim Wendy Williams ā€œundue influenceā€Ā 

Wells Fargo attorney David H. Pikus wrote, ā€œWe 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.ā€

Pikus argued that Wells Fargo ā€œhas strong reason to believeā€ Williams is a ā€œvictim of undue influence and financial exploitation.ā€ He requested to keep the case ā€œunder sealā€ to ā€œpreserve the confidential nature.ā€

Pikus claimed Schiller had concerns and that ā€œother independent third parties who know [Williams] well … share these concerns.ā€

Wendy Williams' attorney wrote in response to the Pikus letter that Williams ā€œdenies that she is the victim of undue influence and financial exploitation.ā€

Meanwhile Williams has not hosted the Wendy Williams talk show in nearly a year. AndĀ Sherri Shepherd is scheduled to permanently take over in September 2022.

Williams, who has Graves’ disease and addiction issues, told a Miami photographer in November that she was fabulous.

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Jackie Allen
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Jackie Allen

Jackie is a freelance journalist and technology geek. She worked as a telecom project director for AT&T and BellSouth. Before joining the USA Herald she has written books, articles, blogs and whitepapers. Her clients include Samsung and other technology companies.

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