Ya’ll this is crazy!
Wendy Williams is alleging that Wells Fargo is in “possession of several million dollars’ worth of funds,” and has denied her access to her funds for more than two weeks.
According to an Exclusive with The Sun, her attorney alleged that Wendy’s former financial advisor advised the bank that Wendy “was of unsound mind,” and that Wells Fargo has denied her access to her bank accounts and statements.
Wells Fargo has justified its decision to keep Wendy’s accounts frozen by referencing it’s authority under various client agreements to “‘pause or reject instructions for a proposed transaction,’ pending judicial or administrative remedies, should they suspect financial exploitation, dementia, or undue influence,” the petition claimed.
The host’s legal team claims the bank has overreached in its authority, in part because Wendy has not proposed any transaction which should give the bank the discretion to pause or reject access to the accounts.
Her attorney is seeking court orders by allowing her “access to her financial accounts, assets, and statements,” while her dispute with Wells Fargo is resolved in arbitration.
The petition alleged that Wells Fargo is in breach of its fiduciary duty and that the host is suffering “imminent and irreparable financial damage.”
