Wendy Williams ‘had $55m in bank’ before guardian took over & told her she had ‘no money’ left, court docs claim

WENDY Williams had $55 million in the bank before her guardian, Sabrina Morrissey, took over and told her she had no money left, per court documents.

In an affidavit submitted to a New Jersey court and exclusively obtained by The U.S. Sun, Wendy ‘s best friend of 44 years, Regina Schell , claimed to have seen the star’s Wells Fargo bank statements.

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“In July of 2022, Wendy invited me to stay with her in New York City for an extended period,” Wendy’s childhood friend claimed in the affidavit.

“During that visit, Wendy expressed to me that she wished to explore options regarding her estate, specifically a possible change with her current financial institution.

“She also shared with me documents from Wells Fargo showing a cumulative balance of nearly $55 million.”

The friend went on to claim that in December of that year, she was invited to join Wendy in a meeting with another bank.

“Wendy had scheduled an appointment with Bank of America’s Private Banking Group, which included the senior vice president, private client advisor, wealth strategy, market director, and several others to outline the best products available,” she wrote to the court.

“I remained present during the entire presentation,” she added.

“Following the meeting, I witnessed Wendy handing the Bank of America proposals and documents to Ms. Morrissey as we were all in the same vehicle drive to the courthouse,” she continued to claim.

However, just days later, Wendy’s friend claimed a dramatic turn was revealed.

“Days later, I returned to my home in California and received an urgent call from Wendy’s then-publicist.

“The publicist claimed to have overheard a conversation between Wendy and Ms. Morrissey, whereas Ms. Morrissey gave Wendy the unfortunate news that there is no money in Wendy’s accounts,” the pal continued in her court affidavit.

“In disbelief, I immediately contacted Ms. Morrissey. Ms. Morrissey and I have been in regular contact, and I fully expected her to tell me there was some sort of miscommunication, but instead, I was blocked from all communication with her, and denied access to my beloved friend,” Regina wrote.

“May 1 of 2023 was the last time I spoke with Wendy,” the friend said before signing the document with the disclaimer.

“I hereby affirm that the foregoing statements are true and correct to the best of my knowledge and belief.”

The affidavit was submitted by Regina in Wendy’s ex Kevin Hunter’s divorce case .

Wendy Williams Alcohol-Related Brain Damage, Aphasia & Frontotemporal Dementia Diagnoses

By The U.S. Sun's Senior Reporter Jessica Finn, who has reported on Wendy Williams for the past seven years.

As The U.S. Sun exclusively reported, Wendy Williams was diagnosed with alcohol-related brain damage in 2019 during a rehab stint in Florida.

An insider explained that a brain scan was done as part of Wendy’s rehab stay in Delray Beach.

A neurologist sat down with the star, her son, and her then-husband, Kevin Hunter Sr .

“The doctor explained to them that Wendy was suffering from alcohol-related brain damage.

“They told her that her alcohol abuse had done permanent damage to the layers in her brain,” the insider said.

“She was warned then and there that if she continued to drink, the damage would only get worse.”

In that meeting, they gave Wendy a devastating prognosis.

The doctors at the rehab foretold of the eventual decline of Wendy’s cognitive abilities, which have become apparent to those who have come in contact with the star in recent years.

“They told her that if she kept drinking she would continue to grow more forgetful, that she wouldn’t remember people’s names, and eventually, she could forget who people even were,” the source said.

After a comment call was sent to Wendy’s team, they released a statement saying Wendy had been diagnosed with frontotemporal dementia and aphasia in 2023.

“The decision to share this news was difficult and made after careful consideration, not only to advocate for understanding and compassion for Wendy, but to raise awareness about aphasia and frontotemporal dementia and support the thousands of others facing similar circumstances,” the statement read.

Kevin continues to battle the guardian in court.

This has been since his agreed-to severance payments in their divorce suddenly ceased when Wells Fargo froze Wendy’s accounts and guardian, Sabrina, took over the former TV host’s affairs.

THE DIVORCE PROCEEDINGS

Wendy’s ex-husband, who was also her The Wendy Williams Show executive producer, has accused the guardian of depleting the host’s finances in a court hearing in April.

The explosive hearing happened in divorce court over financial matters .

Wendy’s ex, Kevin, has been back in court after his divorce payments from the star ceased in 2022 when Wendy’s bank, Wells Fargo, froze her accounts .

The former TV exec and father-of-two has been working to get the former TV host’s financial records from the time since they divorced through her being placed in a guardianship.

Kevin has argued that the records are needed for his discovery to bolster his argument that payments should resume .

During the hearing, Kevin brought up a case in which Sabrina was named as a defendant and was accused of being involved in a racketeering scheme involving another ward who is not under her guardianship.

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“Ms. Morrissey is under a RICO investigation and there is a lot of malfeasance,” Kevin alleged in court.

“I have no problem with arbitration. I just want the documents from the finances,” he told the divorce judge, Judge Michael Katz.

“There were blatant lies in what she [Sabrina] has been telling us and we still haven’t seen the bank records and she’s supposed to give us access to the retirement accounts.

“There has been gross negligence and as far as her being a guardian, I don’t trust this woman,” Kevin went on to say.

Sabrina’s rebuttal was short, she denied knowledge of the RICO case Kevin referred to.

The judge then told Kevin that despite any allegations against guardian Sabrina, that doesn’t make this case an emergent matter.

Kevin then said, “They [the guardian and Wendy’s council] have not given me a reason for stopping the payments.

“If Ms. Morrissey had tried to modify the payments, that would be different.”

“I’m not just concerned about the money, but she’s come in and swooped in and depleted the accounts in that time. This has become a real travesty,” the former TV exec added.

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WENDY HAS ‘NO MONEY’?

During mediation in December of 2022 over Kevin’s ceased divorce severance payments, the mediator told her ex and his team , “The reality is that there is no more money,” a source close to the session claimed.

The mediation sessions we aimed to move along Kevin’s claims that he is owed money from his and Wendy’s marital settlement agreement .

The insider added that despite the allegations about Wendy’s financial affairs , “there was no proof offered to them to support the allegation” that the former TV star is broke.

Insiders have claimed that Kevin has repeatedly asked for Wendy’s financial records during mediation.

Kevin said his ex’s guardian had assured him he would have access to Wendy’s financial records, but they never materialized.

Additionally, during Wendy’s docuseries Where is Wendy Williams? , which aired on Lifetime last month, the star said while discussing her guardianship , “I have no money.”

“And let me tell you something, if it happens to me, it can happen to you,” she told the camera of her financial situation.

Wendy lost her show, The Wendy Williams Show, after being absent for the entirety of the 13th season.

The US Sun