Wendy Williams is an “incapable person” in need of guardianship, her bank said Thursday.
Wells Fargo sent a letter to New York Supreme Court Justice Arlene Bluth requesting a hearing to determine whether Williams, who has not hosted her daytime talk show since July 2021 due to ongoing health issues , needs a professional to intervene in its affairs.
“We are concerned about [Williams’] situation,” attorney David H. Pikus wrote on behalf of the bank in the letter, which Page Six obtained.
“We hope that the guardianship party [of the court] will shortly appoint a temporary tutor or assessor to review the situation and ensure that [Williams’] business is well managed. »
The move came after Williams’ attorney, Celeste N. McCaw, filed an emergency motion last Friday claiming that Wells Fargo had “for more than two weeks” denied the TV host, 57, the access to his “accounts, assets and statements” after his former financial adviser. Lori Schiller alleged that Williams was “sick of mind”.
McCaw said in court documents we have obtained that Williams fired Schiller as an adviser due to alleged “embezzlement” involving her accounts as well as “inappropriate conduct in connection with their professional relationship.” However, the attorney acknowledged that Williams “continues to rely on Schiller’s advice.”
Pikus argued in a separate letter sent to the judge on Wednesday that Wells Fargo “has good reason to believe” that Williams is a “victim of undue influence and financial abuse.” He asked to keep the case “under seal” to “preserve confidentiality”.
Pikus claimed that Schiller had “recently witnessed signs of exploitation, including [Williams’] expressed apprehensions” about the people around him. He wrote that “other independent third parties who know [Williams] well…share those concerns.
But McCaw wrote in response to Wednesday’s letter that Williams “denies being the victim of undue influence and financial abuse.”
McCaw has requested a temporary restraining order against Wells Fargo to prevent the bank from “freezing [Williams’] accounts and interfere with his right to access his financial assets and account statements”.
A Wells Fargo spokesperson said in a statement to Page Six on Thursday: ‘We deny any allegations of improper actions regarding Ms. Williams’ accounts and are fully participating in a legal process to reach a resolution that is in her best interests. . The financial well-being of our customers is at the heart of everything we do. »
Williams has remained largely out of the spotlight in recent months, while a revolving door of guest hosts keeps “The Wendy Williams Show” on the air. Page Six confirmed on Wednesday that Sherri Shepherd is set to regularly host the series starting in September.
Williams, who has been open about her struggles with Graves’ disease and drug addiction, made a rare public appearance in November when she told a photographer in Miami that she was “doing fabulously” despite a slew of reports about her health.
Williams’ rep had no comment. Page Six also reached out to Schiller.
The US Sun was first to report the news.