Alex Reid claimed he is ‘spearheading the campaign to expose the truth’ as he leaked video footage of ex-wife Katie Price waving a wad of cash while bankrupt
Why Katie Price owes Alex Reid money after court ordered her to pay £175,000(Image: PA)
Alex Reid recently said he was ‘spearheading the campaign to expose the truth’ as he leaked video footage of Katie Price waving a wad of cash while bankrupt. The former Big Brother star, 50, reacted to the video and questioned whether his legal team had seen the footage.
In the clip, Katie was seen lounging on a sofa and saying she is “enjoying counting” the pile of cash in front of her before adding “there’s loads here … I’m just sorting it out”. Asked by her daughter Princess if she would contribute towards her school fees and those of her second child with ex-husband Peter Andre, Price says “Your dad can sit on that” and lifting a middle finger.
Wearing white jodhpurs and sitting next to a Christmas tree, she adds: “Does he go on about it a lot? Well it’s tough because I’m in bankruptcy to next May now.”
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Alex released a video of her waving a wad of cash while bankrupt(Image: Getty Images for The Cambridge U)
Katie, bankrupted twice over debts totalling more than £3m, also referred to a property – “my London flat” – which she claimed to own but which does not appear to have been traced by her bankruptcy trustees.
The video was released by Alex, who claimed the “truth will now be heard”. Alex and Katie have a difficult relationship, with the two going back on forth over the years.
A representative for the star said: “This is a video that was shared with Katie’s Trustee in Bankruptcy several months ago and Katie has fully complied with the Trustee’s investigations into the same.
Katie was ordered to pay Alex £175,000(Image: Getty Images)
“The cash featured did not belong to Katie and the property referred to was dealt with in the financial settlement proceedings arising out of Katie’s divorce from Peter Andre. Katie’s Trustee in Bankruptcy is aware of the property and has undoubtedly investigated whether the same ought to be comprised in the bankruptcy estate.”
She was bankrupted twice – first in 2019 over debts totalling £3.5m, including £970,639 to HMRC and then again last March over a second £761,994 unpaid HMRC demand for money earned while she was already bankrupt.
Creditors include Alex Reid, who is owed £175,000 in High Court damages and costs he was awarded after Price revealed a sex tape he says was filmed without his consent.
In 2018, Alex revealed he would take legal action against her after it was alleged she showed a sex tape he allegedly appeared in to the Celebrity Big Brother’s Bit On The Side audience.
Katie claimed she didn’t have any ‘videos or sexual images on her phone’ of Alex in a lengthy statement shared online at the time.
In court, High Court judge Mr Justice Warby described Katie’s behaviour as “persistent, flagrant, arrogant, high-handed and inexcusable”, and ordered her to pay £25,000 in damages plus £150,000 in legal costs.
Alex claimed the incident damaged his professional reputation and explained: “She was saying the most disgusting things about me… It was affecting me working continually because people were laughing at me.”
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