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.
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