Mary J. Blige Sued for $2.2 Million Bank Loan Default

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By Jessica Rodriguez , Christian Post Contributor
November 29, 2012|6:31 am
  • Singer Mary J. Blige performs during the final session of the Democratic National Convention in Charlotte, North Carolina, September 6, 2012.
    (Photo: Reuters.Jason Reed)
    Singer Mary J. Blige performs during the final session of the Democratic National Convention in Charlotte, North Carolina, September 6, 2012.

Mary J. Blige is being sued for defaulting on a $2.2 million bank loan, according to reports out Wednesday.

The R&B singer has had a lawsuit filed against her alleging that she defaulted on the massive loan.

The lawsuit has been filed against the Grammy winner at the New York State Supreme Court in Manhattan. The suit has been filed by the Signature Bank, which is seeking to recoup the original loan sum, in addition to $58,000 interest.

It is believed that Blige and her husband, Martin Isaacs, took out the large loan in October 2011. The lawsuit alleges that the 41 year old singer then defaulted on the loan agreement in July 2012, according to Reuters.

A publicist for the artist, who has sold more than 50 million albums globally, has declined to comment to the media so far, and the singer's attorney has not returned calls from media requesting any comments about the lawsuit.

As well as Blige and her husband being named, the lawsuit also lists the singer's own production company, Mary Jane Productions Inc., as a party to the proceedings.

Blige's charity, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc, was also involved in controversy earlier this year when it was accused of mishandling funds and cheating scholarship students, according to Reuters.

At that time the singer did acknowledge there had been some problems within the charity, but promised that she was going to deliver. She acknowledged that there were young lives at stake at that time. She told Reuters, "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."

Mary J. Blige is a recipient of nine Grammy Awards and four American Music Awards, and has recorded eight multi-platinum albums. She is the only artist with Grammy Award wins in R&B, Rap, Gospel, and Pop.

 

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