The footage leaked by Katie’s ex Alex Reid shows her and daughter Princess counting cash and has been passed to her bankruptcy trustee, the Mirror understands. Reid has vowed that “the truth will now be heard”

Reality star Katie Price is facing fresh questions over her murky finances as a video emerges of her waving a wad of cash while bankrupt.

Lounging on a sofa the glamour model, bankrupted twice over debts totalling more than £3m, says that she is “enjoying counting” the pile of cash in front of her, saying “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 sat 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.” Price also refers to a property – “my London flat” – which she claims to own but which does not appear to have been traced by her bankruptcy trustees.

Katie Price married her ex Alex Reid in 2010 but separated the following year(Image: PA)

The video was released today by Price’s ex, former cage fighter Alex Reid”, who said in a statement that “the truth will now be heard”. The Mirror understands that the one minute and 38 second video, believed to have been filmed in late 2020, has been sent to Price’s bankruptcy trustee who continues to “seek realisations from various third parties”.

Price has been celebrating the end of six years of “hell” after being discharged from two bankruptcies and claiming it is a ”great achievement”. But a source said: “A number of people have said that Katie deals in cash but this appears to be the first solid proof. There are lots of people owed a lot of money who now realise they are unlikely to ever get it. Katie gloating about it has stuck in the throat but this is not over.”

A representative for Katie 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.

“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.”

Price 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.

Alex has made a statement

In the video, Price is heard claiming that she has “extended” the bankruptcy “because Alex Reid wants money from me and he won’t be able to get it … he’s an a***hole”. In a video statement released today, Reid said: “Over the years you have seen countless stories by Katie Price directed at me, Peter, Keiran and others. Today I want to be clear. I am spear-heading a campaign to expose the truth. This isn’t about gossip but about evidence. It’s not about rumour, it’s about reality. After years of silence, the time has finally come to reveal all.”

He is seen watching the leaked video of Price and reacting, with comments like “this is unbelievable”, “she just admitted she lied” and “has my legal team seen this?” Price said earlier this year on The Katie Price Show podcast: “I’m not bankrupt anymore! I’m out of it, I’m out of both of them. The last six years have been hell – mentally and personally – everything has been hell. I’ve worked so hard to communicate and get rid of what caused all the trouble and I’m out of it. It’s such a nice feeling not to be bankrupt anymore. I’m in control of everything now.”

Farheen Qureshi, who was made Price’s bankruptcy trustee in April 2023, told the Mirror: “You should be aware that, notwithstanding that Ms Price has been discharged from both her first and second Bankruptcies, both Bankruptcies are still live and continuing and, in my capacity as her Trustee, I am seeking realisations from various third parties for the respective Bankruptcy estates. I would not wish to prejudice in any way either the outcome of that hearing or the further investigations being undertaken.”

Alex has shared a video online

Alex Reid’s post today marks the latest escalation between Price and her exes. Last week, on Instagram, Peter Andre posted: “For sixteen years, I have stayed silent in the face of repeated lies from my ex-wife and her family, out of respect for my children and loved ones, but staying silent has been incredibly frustrating. That ends today.

He revealed that Princess and Junior, his children with Price, were put in his care by the family courts. He also cited court cases in 2011 and 2014 where Price had to pay damages over “false claims”. He added: “The same falsehoods are being repeated today. Unfortunately, there are many more lies and baseless accusations I have yet to address. Those will now be dealt with in the coming months.”

In response, mum-of-five Price she would not be drawn into “tit for tat comments” but added: “I know I will always be seen as a sinner. That’s fair. I allowed myself to fall into a reliance on drugs and alcohol. At times I was not the mother I should have been while I struggled with mental illness. I have been at times a poor friend, an awful sibling, and an untrustworthy partner. I’ve self-medicated, been unfaithful, damaged myself and those that I love.”