Wendy Williams Wins Wells Fargo Battle As Court Appoints Guardian Over Her Fortune

Wendy Williams has been through a lot as a result of her health and mental problems. The well-known talk show personality has proven that she is no longer powerless after winning the case against Wells Fargo.

According to The Sun, Wendy Williams triumphed in her fight against Wells Fargo for access to her fortune. The court has appointed a financial guardian over the 57-year-old entertainer’s bank accounts, according to sources close to her. As previously reported, Williams sued the bank, saying it froze her accounts after her former financial advisor Lori Schiller voiced concerns about potential “financial exploitation.”

Williams claimed in court that she fired Schiller because of her “malfeasance in relation to [Williams’] accounts and” her inappropriate conduct in their professional relationship. Williams asked that the bank release her funds, but they refused. Before the money was released, Wells Fargo petitioned the court to appoint a guardian.

“To summarize without divulging too much on the public record, Wells Fargo has strong reason to believe that [Williams] is the victim of undue influence and financial exploitation. [Williams] is an established client of Wells Fargo and notably, 15 years with the particular financial advisor, a 23-year veteran of the financial services industry with an unblemished record.”

Advertising

Advertising

The bank said, “Wells Fargo is relying not only on reports of the financial advisor, who has recently witnessed telltale signs of exploitation, including [Williams’] own apprehensions but also upon other independent third parties who know [Williams] well and share these concerns.” Earlier this year, the case was sealed.

Now, sources say that “the guardianship process is complete, which means the court appointed a financial guardian.” Williams and the guardian will then work with the court to devise a strategy for obtaining the funds. The outlet reported that Wells Fargo has been dropped from the investigation. The bank will be required to obey the new guardian’s instructions.

According to a source close to Williams, the selected guardian has prior financial management experience. The entertainer has not yet been granted access, but that may change in the next two months. Williams’ guardianship is not the same as Britney Spears’ conservatorship.

Apart from the legal issues, Williams has been causing a stir with her statements about her replacement Sherri Shepherd and her plans to return to her talk show, which executives insist is impossible owing to Shepherd’s existing contract.

Wendy is now one step closer to making her comeback. We’ll have to wait and watch when and how she pulls it off. To get the latest updates, keep an eye on Thirsty.

What’s your opinion on this one? Let us know in the comments!