Mary J. Blige's Charity Loan Shouldn't Have Been Made?

06/18/2012
.
(TMZ) Mary J. Blige's charity says the bank that is suing them was STUPID to loan them any money ... so it's their own fault they can't get it back -- this according to legal docs.

As TMS previously reported, the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now was sued by TD Bank ... after taking out a $250,000 loan in June 2011 and only managing to cough up $400 by the agreed upon December deadline to pay back the money.

Now the foundation is firing back at the suit ... claiming if the bank had done their job correctly, they would have realized the group was knee deep in debt already and never should have been loaned the money in the first place.

Furthermore, the foundation claims the woman who actually signed for the loan had no authority to do so ... which is just one more reason they never should have been granted the loan.

The case is still ongoing. more on this story

TMZ submitted this story.
Copyright TMZ - Excerpted here with permission.

advertisement

Mary J. Blige CDs, DVDs and MP3s

Mary J. Blige T-shirts and Posters

Share this article
Share on Facebook Share on Twitter Share on Google+ Pin it Share on Reddit email this article


...end


advertisement



Follow Us:

Contact Us - Privacy - Why we are antiMusic

Copyright© 1998 - 2017 Iconoclast Entertainment Group All rights reserved.

Please click here for legal restrictions and terms of use applicable to this site. Use of this site signifies your agreement to the terms of use.