Bill Cosby’s circumstances continue to worsen, following reports that Camille Cosby, his wife of approximately 50 years, attempted to cash in a check for a large amount. Reportedly, the funds came from Cosby’s secret account.
In a report from Radar Online, Camille had successfully cashed a check for $100,000 and it all went through. But she tried to cash in another and was subsequently denied because the bank needed to get Bill’s approval to release the money.
Radar claims that Bill then ordered them to lock his account permanently, that way his wife can no longer withdraw money from it.
Bill told them to freeze the main account, permanently. As for why Camille chose to take money from the account, a source stated that she was using it to support family and staff.
Royalties from The Cosby Show go to a different account. However, as most know, there likely won’t be a lot of residual funds from The Cosby Show anymore as most stations have dropped it following Hannibal Buress’ viral video in 2004 that exposed Bill as a serial rapist.
While Hannibal never intended for his stand-up routine to cause the ripple that it did, a plethora of women came out afterward to accuse Cosby of all kinds of crimes.
While Camille and Bill have had shared accounts for a long time, Cosby is the primary beneficiary and authority presiding over the additionally account which allegedly has $120 million in it.
Other reports have claimed that Cosby is actually running out of money due to his court litigation ever since 2014. Previously, it was revealed that Cosby took out a $30 million loan on his New York City townhouse.
Moreover, a law firm he had hired to defend him previously, who ended up dropping out, sued Cosby’s estate for unpaid legal fees. However, details on their business partnership haven’t been revealed.