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Mary J. Blige Sued for Defaulting on $2.2M Loan

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Mary J. Blige 2012 annual Glamour Women of the Year Awards
Photo Credit: Jamie McCarthy/Getty Images

Mary J. Blige and her husband Martin Kendu Issacs are the target of a lawsuit filed by Signature Bank in the New York Supreme Court today.

The ESSENCE Music Festival alumna and her hubby are accused of defaulting on a $2.2 million loan. The couple took out the loan in October 2011 and began defaulting on it in July 2012, according to Reuters.

Signature Bank is seeking the original loan amount, plus $58,000 in interest.

Today's lawsuit isn't the first time Blige's name has been drudged up regarding money troubles. Earlier this year, the star and Steve Stoute's Foundation for the Advancement of Women Now Inc. was accused of mishandling funds. TD Bank filed a $250,000 lawsuit against the foundation for failing to pay back money it borrowed.

"FFAWN is working as quickly as possible with a new team of experts that includes a philanthropic consulting firm, a non-profit law firm, and a forensic accountant," said Blige, according to E! Online. "Their goal is to get the Foundation back on track, rectify outstanding issues, and make good on all of FFAWN's obligations."

PHOTO GALLERY: Mary J. Blige ESSENCE Covers

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