Wells Fargo's court fillings say that the financial institution froze the accounts out of concern for Wendy Williams when Lori Schiller, a financial advisor, alleged that Williams was "of unsound mind" (per Page Six).
USA Today reported that a Wells Fargo employee who noticed signs of Williams's exploitation has 23 years' experience working as a financial adviser.
Williams and her attorney, Celeste N. McCaw, responded with an affidavit requesting a temporary restraining order against Wells Fargo. Williams also stated she had fired Schiller based on "improper conduct in relation to my accounts" (per Page Six).
People reports that McCaw wrote a letter criticizing Wells Fargo's decision to wait weeks without providing Williams an "explanation or evidence" behind the freezing of the funds as well as the failure to notify Williams about seeking a guardianship for her. McCaw requested a hearing to resolve the issue. Until that time, she requested that Wells Fargo be prohibited from freezing the funds.
According to Page Six, Williams expressed a need for urgency in accessing her money. After struggling with the situation for two weeks, Williams noted that she has "defaulted ... on several billing and financial obligations, including, but not limited to, mortgage payments and employee payroll."
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