music / News

Mary J. Blige Sued For Defaulting On $22 Million Loan

November 30, 2012 | Posted by Joseph Lee

Reuters reports that Mary J. Blige is being sued by a Manhattan bank that has accused her and her husband Martin Issacs of defaulting on a $2.2 million loan.

The complaint was filed in the New York State Supreme Court in Manhattan on Wednesday by Signature Bank. they want the original loan plus $58,000 in interest.

Blige has sold more than 50 million album worldwide. She and her husband took out the loan in October 2011 and according to the suit, defaulted in July 2012. The lawsuit also names Blige’s production company, Mary Jane Productions Inc.

This is the latest financial problem for Blige. The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc, was accused of mishandling funds and cheating scholarship students earlier this year.

She said in a June interview: “The lives of young women are at stake. I feel what they feel. I don’t want them to suffer. I promised them something and I’m gonna deliver. Period.

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Joseph Lee

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