Wendy Williams is fighting with her bank after it cut off her access to "several million dollars."
The bank, Wells Fargo, alleges that it froze Wendy's personal account because it believes the talk show host is being exploited and "incapacitated."
People magazine obtained legal documents, filed on Feb. 4, in which Wendy argued she's been "denied any access, whether online or otherwise, to her financial accounts, assets, and statements" for more than two weeks. She's now asked a court to overrule the bank, which she says has "impeded and unlawfully prevented" her access to money she's earned.
In its own filing, Wells Fargo dug in its heels, claiming, "Wells Fargo has strong reason to believe that [Williams] is the victim of undue influence and financial exploitation." This conclusion was based on "reports of the financial advisor, who has recently witnessed telltale signs of exploitation, including [Williams]'s own expressed apprehensions." In addition, Wells Fargo is relying on reports from "other independent third parties who know [Williams] well and share these concerns."
A lawyer for the bank plainly said in a letter that Wendy was "incapacitated."
The docs do not state who is allegedly exploiting Wendy, but the 57-year-old believes the financial institution is basing its opinion solely on the word of her former financial advisor, Lori Schiller, who says Wendy "was of unsound mind."
Wendy argued that Lori was fired because of her "malfeasance in relation to [Williams]'s accounts and Schiller's improper conduct in relation to their professional relationship."
Further, if the court does nothing and the bank refuses to grant Wendy access to her money, she says she "will be in default of several bill payments, including her mortgages, her marital settlement payment, and employee payroll" and will "continue to suffer imminent and irreparable harm."
An attorney for Wendy, who is still MIA from her eponymous talk show, said, "Despite [Wells Fargo]'s assertion that its suspicions are genuine, their decision to deny [Williams] access to her financial assets for weeks without providing her or her counsel with adequate explanation or evidence to support its decision, and their decision to wait until [Williams] filed an emergency petition for a preliminary injunction before pursuing, or notifying [Williams] that it had pursued, a guardianship proceeding gives pause for concern about [Wells Fargo]'s intentions."
A spokesman for Wells Fargo told People, "We deny any allegations of improper actions with respect to Ms. Williams' accounts and are fully participating in a court process to reach a resolution that is in her best interest. The financial well-being of our clients is at the heart of everything we do."