Friday, August 26, 2022

The REAL Reason Wendy Williams Bank Accounts Were Frozen

This week it was reported that a $100,000 shopping spree by Wendy Williams' son Kevin Hunter Jr triggered her financial guardianship [click here if you missed that]. 

Turns out it was a little more complicated than that...

From Page Six  

Page Six has learned that Williams’ desire to buy Kevin Jr. a condo in Miami prompted what ultimately would lead to the guardianship she is now living under as ruled by a New York court.
A source tells us that Williams enlisted Wells Fargo financial adviser Lori Schiller to work out the details of the real estate purchase because the adviser allegedly promised the “Wendy’s Got the Heat” author that she could help her avoid commission fees. A month before Kevin Jr.’s lease was up, however, he got a call from his landlord that said he never received an offer to purchase and the price had skyrocketed another $250,000.
Wendy Williams’ former attorney LaShawn Thomas confirms these claims in her statement and explains that Schiller — out of nowhere — informed Kevin Jr. she “could no longer speak with him without Wendy’s written authorization” because a verbal one was “no longer sufficient.” In response, Williams asked to be taken to a local Wells Fargo branch to submit the written authorization and power of attorney; however, Thomas claims the local branch manager “refused to accept” the power of attorney.
Williams and the branch manager called Schiller, who was in charge, who then would only agree to talk to Williams without anyone else present, including Thomas, who was her legal representative at the time.
“The right to counsel is a constitutional right that a financial institution does not have the freedom to curtail,” Thomas says in her statement, noting that Schiller ultimately agreed to fly to Miami to meet with Williams, but she never arrived.
Schiller didn’t respond to Page Six’s request for comment, but a spokesperson for Wells Fargo has denied “any allegations of improper actions with respect to Ms. Williams’ accounts.”

15 comments:

Anonymous said...

All of this made me do 2 things. Close out my own Wells Fargo accounts, and 2, buy a fireproof portable size lock box for very important documents and a stash.

I learned from my grandparents to keep a little pocket cash, and rainy day money nearby, but I’m really about to start taking out chunks of my checks after deposit because all of this Wendy is going thru with her bank is nuts, and an eye opener.

Anonymous said...

If Wendy wants to buy a don't for her son that's her business. These white folks are too much all the time.

Anonymous said...

So the 'financial advisor' was trying to cut a deal by cutting out the middle man, and then there's an increase in the property price? Somebody might have been trying to pad their own pockets, so it seems.

Ohwell said...

Told gha, these banks be scheming.

R in NYC said...

What a convoluted mess. The bank has way too much power over money that belongs to Wendy. I'm getting a headache trying to keep all this straight.

NyahbinghiObeahWomanWarrior said...

Wells Fargo is a racist ass bank, I will never forget when their raggedly asses were busted, for giving black folks higher interest rates on home loans, than whites who had the same credit. That bank has too much power over her money.

Vernell said...

Wendy Gave The Bank Too Much Power Over HER Money & Financial Affairs In The 1st Place. When She Attempted To Make Changes, Wells Fargo Went All The Way Overboard, Now They Are Trying To Set Her Up For A Conservatorship Like They Did Brittany Spears... My My My, How The Worm Has Turned....

Anonymous said...

Wells Fargo is a racist assed bank. That is a fact. Howsumever, if something seems convoluted or suspicious, they have a legal obligation to flag it. The bank couldn’t keep her from her money if her personal situation wasn’t so jacked up.

Anonymous said...

This story keeps peeling off like an onion. Only WW is crying right now if she can't get her cash. How do WF think she is going to live if she doesn't get her money?

Anonymous said...

So this was all over her buying a home for her son, she has every right to. It also explain why he charged $100000 which was the original price of said condo the financial advisor put a stop to the sale only to have the landlord increase the value (Covid-19 price). When Wendy wanted to know why the sale was stopped the bank had her account frozen. The woman Lori is why this happened she was doing dirt and it would have been noticeable to Wendy which she could sue so they Britney her. Lori has been using Wendy money like her own piggy bank and Make the bank liable for the mishandling of her account. This is a multiple million dollar lawsuit I hope she wins.

Anonymous said...

Poor Wendy. Tabatha that’s enough. Release the spell.

TRACI404 said...

Why wouldn't this Schiller lady meet with Wendy?
AND WHY ELSE do they have her under guardianship?
why cant she move her millions out of Wells Fargo to another bank?

Anonymous said...

Remember when y'alls president gave banks a 'bailout?' Banks have been doing people dirty for a long time, but that didn't stop your elected politicians from giving them billions of your tax dollars. How much did Wells Fargo get?

Anonymous said...

How do you let other people have authority over your own money?? How in the first place?

Me said...

Am I the only one who doesn't care? Wendy's money doesn't pay my bills.

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