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Mary J. Blige sued for allegedly defaulting on $2.2M loan
“No More Drama” may be one of Mary J. Blige’s biggest hits, but the Yonkers native has found herself at the center of a financial drama.
Reuters reported Wednesday that Manhattan-based Signature Bank filed a complaint with the State Supreme Court, alleging that Blige and her husband, Martin Issacs, defaulted on a $2.2 million loan.
The bank claims that the couple took out a loan in October 2011 and defaulted in July. In filing the suit, Signature Bank was seeking to recover the original loan plus $58,000 in interest.
Mary Jane Productions Inc., the star's production company, was also named as a defendant in the suit. Blige has yet to comment.
It isn’t the first time this year that the R&B singer has been accused of financial misconduct. In May, TD Bank alleged that Blige’s charitable foundation, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women, did not repay a $250,000 loan and did not file 2010 tax returns.
At the time, Blige said that the wrong people were in charge but that she was ultimately responsible for her organization. She added that she was working to make good on its obligations.