Mary J. Blige and husband sued for $2.2 million over defaulting on bank loan

When the economy is bad, it is bad for everyone. Celebrities are not excluded. Now it’s Mary J. Blige and husband Kendu Isaacs turn in the hot seat. The couple has been hit with a lawsuit, as a result of defaulting on a bank loan of 2.2 million dollars.

According to documents that Reuters obtained, Signature Bank is seeking to recover the amount of the loan plus $58,000 interest. The documents were filed in the New York State Supreme Court. The debt goes back to an advance that the Grammy Award winning singer and film actress took out in October of 2011. Blige failed to meet her deadline for payment of July 2012.

Also mentioned, in the lawsuit is Blige’s production company, Mary Jane Productions. Earlier this year, Bliges’ foundation, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc, was said to be under fire, as well. The foundation was allegedly accused of mishandling funds and cheating students out of scholarship money. Blige’s publicist has not released a statement, regarding the matter.



Source : Your Black World