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Explosive Fallout: Katie Price's 'Cash Counting' Video Sparks Legal Threat & Public Statement

Published 3 weeks ago3 minute read
Precious Eseaye
Precious Eseaye
Explosive Fallout: Katie Price's 'Cash Counting' Video Sparks Legal Threat & Public Statement

A recently leaked video showing reality television personality Katie Price counting a large wad of cash has ignited further scrutiny into her complex financial affairs. Price, who has been declared bankrupt twice with total debts exceeding £3 million, is seen in the footage lounging on a sofa, claiming she is “enjoying counting” the money and “just sorting it out.” The video has drawn significant public attention and raised questions, particularly given her ongoing bankruptcy proceedings.

The controversial clip, reportedly filmed in late 2020, captures a moment when Price’s daughter, Princess, asks if she would contribute towards her and her brother Junior’s school fees, to which Price famously retorts, “Your dad can sit on that,” while raising her middle finger. Dressed in white jodhpurs and seated by a Christmas tree, Price also states, “it’s tough because I’m in bankruptcy to next May now.” During the video, she references owning a “London flat,” a property that her bankruptcy trustees reportedly have not yet traced.

The video was released by Price’s ex-husband, former cage fighter Alex Reid, who declared that “the truth will now be heard.” Reid, who is owed £175,000 in High Court damages and costs after Price allegedly revealed a sex tape filmed without his consent, explicitly stated he is “spear-heading a campaign to expose the truth,” focusing on “evidence” and “reality” rather than gossip. Price herself is heard in the video claiming she has “extended” her bankruptcy because “Alex Reid wants money from me and he won’t be able to get it... he’s an a***hole.”

Another of Price’s ex-husbands, Peter Andre, was reportedly left “stunned” by the remarks made in the video, especially Price’s comment calling his children with current wife Emily “irrelevant.” A source close to Andre indicated he is seeking legal advice, expressing shock at Price’s actions in front of their child. This incident marks the latest escalation in a series of public disputes between Price and her former partners.

Katie Price’s financial woes are well-documented. She was first declared bankrupt in 2019 over debts totaling £3.5 million, including £970,639 owed to HMRC. A second bankruptcy declaration followed in March of the previous year, with an additional £761,994 owed to HMRC for money earned while already bankrupt. Despite Price announcing earlier this year on “The Katie Price Show” podcast that she was “not bankrupt anymore” and had been discharged, calling the six years “hell” and her discharge a “great achievement,” her bankruptcy trustee, Farheen Qureshi, clarified the situation.

Ms. Qureshi, who was made Price’s bankruptcy trustee in April 2023, confirmed that “notwithstanding that Ms Price has been discharged from both her first and second Bankruptcies, both Bankruptcies are still live and continuing.” She added that in her capacity as trustee, she is “seeking realisations from various third parties for the respective Bankruptcy estates” and would not wish to prejudice further investigations. Price’s representatives have issued a statement asserting that the cash seen in the video “did not belong to Katie” and that the referenced London property was addressed in the financial settlement proceedings from her divorce with Peter Andre, with the trustee being fully aware and having investigated the matter.

This ongoing financial saga, exacerbated by the leaked footage, continues to draw criticism, with sources noting that many creditors are unlikely to recover their owed money. The video and Price’s comments within it have intensified public and legal scrutiny, keeping her financial affairs at the forefront of media attention.

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