Mary J. Blige and Hubby Sued Over Alleged $2.2 Million Bank Loan Default

November 29, 2012  |  

Mary J. Blige at the Glamour Women of the Year awards. Charles Sykes/Invision/AP

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.

SheKnows digs a little deeper, finding that the bank tried to contact Blige in some way for a while before going the legal route. When the bank calls, pick up the phone!

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.”

I have a soft spot for Mary, so I’m quick to believe that these issues have to do with the people she trusts to keep things in order. Someone (or a few someones) are dropping the ball and its her name that gets dragged through the mud because of it. What do you think?

Trending on MadameNoire

View Comments
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
blog comments powered by Disqus