After her ex-husband, Alex Reid, shared footage of her waving and counting a wad of cash while she was bankrupt, former glamour model Katie Price has become a subject of controversy.
Alex Reid’s friends have shared the final straw in his long-running feud with Katie Price that made him ‘expose’ a video of her waving a wad of cash while bankrupt.
In the video, the former glamour model is seen lounging on the couch as she was “enjoying counting” the pile of money in front of her, saying: “There’s loads here.. I’m just sorting it out.”
Princess asked the 47-year-old actress, who had two debts totaling more than £3 million, if she would contribute to paying her daughter’s tuition and that of her ex-husband, Peter Andre, who is now the star’s second child. Before raising a middle finger, Price said, “Your dad can sit on that.”
Wearing white jodhpurs and sat next to a Christmas tree, she continued: “Does he go on about it a lot? Well it’s tough because I’m in bankruptcy to next May now.” It comes after Peter Andre’s wife Emily reacts to ‘cruel’ Katie Price swipe in the bombshell video.
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Fans believe that Peter Andre received the property as part of their divorce settlement, which Katie also refers to as “my London flat.”
Reid, Price’s ex-girlfriend, shared the footage this week, saying in a statement that “the truth will now be heard.”
According to The Mirror, Price’s bankruptcy trustee continues to “seek realizations from various third parties” after receiving the one minute, 38-second video, which is thought to have been filmed in late 2020.
Now, a close friend of Alex’s has told The Sun that his final straw came when Katie defended herself amid the ongoing controversy surrounding Princess’ new show, The Princess Diaries, and the details of a custody battle between Katie and her ex-husband Peter Andre.
Peter’s claims that Princess and Junior have been in his care since 2018 have drawn the attention of Katie’s spokesperson, who responded by saying, “We’ve been in his custody for safety, since then, please.” Katie’s team at the time stated that Katie is “always in peace with the situation and has much better, clear headspace.”
She doesn’t feel the need to make tit-for-tat comments, but more importantly, she’s handling this properly and it’s now in her lawyers’ hands. Kate won’t continue to face bullying and gaslighted status as she once did.
Alex’s close friend said that this statement caused him to release the video of Katie counting the money.
The insider told The Sun that when Alex saw Peter’s statement last Thursday night, he wasn’t necessarily going to release his own damning takedown just days later, but a comment that Katie’s rep made that literally tipped Alex over the edge and started these wheels rolling.
The insider added that Alex was sent over the edge by the phrase “Katie is at peace”… Alex repeatedly said that “Katie is at peace,” and he was shocked because he most certainly is not at peace.
Out of everything Katie has said, those words “touched such a nerve for him because of how traumatized he has been since his marriage to her has never materialized.”
He continues to be a very vulnerable person because he hasn’t recovered from it. Not just him, but also his entire family and close friends have been affected by it. He thinks Katie is being completely ignored and doesn’t take any responsibility for washing her hands of material. “Selling she is at peace feels so dismissive, hypocritical, and ridiculous,” he says.
Katie made a statement of her own after the video’s release, explaining that the Mucky Mansion star wasn’t responsible for the money in the video.
The star’s representative stated that Katie fully cooperated with the Trustee’s inquiries into the video after it was shared with her in bankruptcy several months ago.
The property referred to in the financial settlement proceedings resulting from Katie’s divorce from Peter Andre was handled, and the cash featured did not belong to her.
The property is known to Katie’s bankruptcy trustee, who has undoubtedly looked into whether or not the same should be included in the bankruptcy estate.
The former glamour model was declared bankrupt twice, first in 2019 for debts totaling £3.5 million, including £970, 639 to HMRC, and then again in March for a second £761, 994 unpaid HMRC demands for money made while she was already bankrupt.
Alex Reid is owed £175, 000 in damages and costs from the High Court after she revealed a sex tape he claims was filmed without his knowledge.
Alex also stated in a statement that he was “leading a campaign to expose the truth” in addition to the leaked footage. He said, “Over the years, you have seen numerous stories written by Katie Price about me, Peter, Keiran, and others.” I want to be crystal-clear today. I’m launching a truth-exposing campaign.
“This is evidence rather than gossip,” he said. It’s about reality, not rumor. The time has finally come to reveal everything after years of silence.
Alex’s representatives have been contacted by The Mirror for comment on this story.
