Wendy Williams BEATS Wells Fargo In Court…She Got Her Money Back!
Wendy Williams scored a big victory in court in her legal battle against Wells Fargo, amid an effort to regain access to her bank accounts.
A New York judge appointed a financial guardian to oversee her fortune, which removed Wells Fargo from the picture, according to a new report by The Sun.
“The guardianship process is complete, which means the court appointed a financial guardian,” a source told the outlet. “Now it’s up to the guardian, Wendy Williams and the court as to how she will be accessing her money.”
The bank will now comply with the direction of the 57-year-old chat show host’s guardian, and Wendy herself, according to one insider.
Several sources reported that there had been a temporary guardian in the mix since March, but it’s unclear if the court-appointed guardian is the same individual.
“The court can eventually decide to give Wendy full control over her accounts and end the guardianship- but that is up to the court,” one tipster explained.
Wendy Williams reportedly still maintains some control over her finances and while “she doesn’t have 100% control right now, that could all change soon depending on what the court decides.”
The insider added, “This isn’t like a Britney Spears conservatorship- this is a financial guardian – this is someone who is watching over her finances, who is making sure that the decisions that are happening with her accounts are in her best interest. When Wendy asks for something to happen, the guardian is making sure it is in her own financial best interest first.”
Another source noted that Wendy could regain full access to her money as soon as July, due to behind-the-scenes developments that have leaned in her favor.
The identity of Wendy’s financial guardian remains unknown, but the talk show diva’s former manager, Bernie Young, was reportedly in a fight to control Wendy’s fortune. Wendy vehemently opposed the idea. Wendy, who fired Young earlier this year, publicly accused her former manager of using her American Express card to hire powerhouse Abrams Fensterman, LLP attorney, Carolyn Wolf, to launch a legal fight to gain control of her finances. Wendy publicly blasted Young on social media, in March.
An insider claimed that no one in Wendy’s family would pursue the guardianship, because they didn’t believe that she needed the oversight.
“Wendy has plenty of people in her orbit that could step in and go up against Bernie for guardianship but the family is adamant – they don’t think she needs one,” a source said at the time.
Wendy Williams waged war against Wells Fargo in January, after the TV personality was frozen out of her accounts for several weeks. Wendy’s lawyer alleged that the host’s financial advisor had contacted the bank and claimed that Wendy “appeared to be of unsound mind” and the bank labeled her a victim of “exploitation, dementia or undue influence.”
Avigail is an Entertainment blogger at All About The Tea, who specializes in The Real Housewives of Atlanta and The Real Housewives of Potomac. Avigail has a background in marketing. She’s a Brooklynite living in the Bahamas, with a passion for travel, writing, reality TV watching, pop culture and spoken word.