Pay Back Our Money!: Bank Sues Mary J. Blige For Non-Repayment Of $2.2Million Loan

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Signature Bank is suing Mary J. Blige and her husband Martin Isaacs over a $2.2 million loan that has defaulted. Isaacs took out the loan October 2011 and it went into default in July of this year, the suit says. The bank is also going after Mary Jane Productions, Blige’s production company. The bank want to get its money back plus $58,000 in fees. Blige’s people did not respond to Reuters inquiries for comment.

According to reports, the bank tried to contact Blige in some way for a while before going the legal route.

Earlier this year, the The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now, Inc. came under fire over allegations that the organization misused funds and didn’t live up to scholarship promises that were made. “I feel what they feel,” she said about the matter. “I don’t want them to suffer. I promised them something and I’m gonna deliver. Period.”

Wana

Wana

Quo non Ascendam. Writer.
E-mail: wana@360nobs.com

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