14 DAY TRIAL // Mary J. Blige is in a world of financial trouble, recent reports indicate. She and her husband Martin Isaacs are being sued by a bank for defaulting on a $2.2 million (€1.69 million) loan, while her charity is also being taken to court over missing money.
Reuters reports that Signature Bank filed court documents in the New York State Supreme Court in Manhattan, claiming the singer and her husband took out the loan in October 2011 and defaulted on it in July 2012.
The bank is now seeking to recoup the loan and get $58,000 (€44,853) in interest.
As if that wasn’t enough, TD Bank is also suing the singer and her charity over missing money, TMZ reports.
“The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now is being sued by TD Bank over a $250k [€193,139] loan it took out back in June 2011,” the e-zine reports.
“According to a suit filed earlier this month in New York, the foundation agreed to pay the money back by December 2011, but when the time came to collect... the org. had only put a $368.33 [€284.5] dent into the principal,” TMZ further notes.
TD Bank claims that it has tried repeatedly to get in touch with someone from the organization to clear this up, but never heard back from anyone.
Consequently, it’s taking the only legal measure available to get the money.
While a rep for the foundation notes that they’re currently “transitioning its management and headquarters,” which could explain for some things being overlooked in the process, TMZ stresses that this isn’t the only lawsuit recently filed against it.
“[The foundation] didn't file a federal tax return for 2010 […] and it's also being sued by musicians from a 2011 fundraising gala who claim when it came time for payment they were stiffed,” the celebrity publication reports.
Reps for Mary J. Blige were not immediately available for comment.