Monday, February 11, 2013

Mary J. Blige Is Piggy Bank Broke!

Mary J. Blige is being sued over a default on a loan.
The Queen Of R & B is racking up debt and she's being sued by the credit card companies.

What's the 411?

A number she's going to need to get help paying off those loan sharks.

Reuters report that the Bank of America and other organizations are suing the R & B diva for defaulting on her loans.

In November, Mary J. Blige was hit with a lawsuit on Wednesday alleging the Grammy winner and her husband defaulted on a $2.2 million bank loan.

According to court documents filed in New York State Supreme Court in Manhattan, Signature Bank is seeking to recoup the original loan plus $58,000 in interest.

Blige, 42, who has sold more than 50 million albums worldwide, and her husband Martin Isaacs took out the loan in October 2011 and defaulted in July 2012, the suit alleges.

Blige's publicist declined comment on the lawsuit. The singer's attorney did not immediately return a request to comment.

The lawsuit also names Blige's production company, Mary Jane Productions Inc.

The lawsuit is the latest financial headache for the New York City native. The "Family Affair" singer's charity, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc, was accused earlier in this year of mishandling funds and cheating scholarship students.

Blige acknowledged the problems in a June interview.

"The lives of young women are at stake," the singer told Reuters when asked about the allegations. "I feel what they feel. I don't want them to suffer. I promised them something and I'm gonna deliver. Period."

The signer also was hit with another lawsuit over a $500,000 loan.

With ten albums and over millions sold Mary J. Blige is has grown from the days of New Jack Swing to Midnight Soul. Her debut album What's The 411?  broke the ground for a legendary career.

She is a recipient of nine Grammy Awards and four American Music Awards, and has recorded eight multi-platinum albums. She is the only artist with Grammy Award wins in R&B, Rap, Gospel, and Pop.

Mary J. Blige appears under Geffen Records/Interscope Records.

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