Mary J. Blige Lawsuit – Mary J. Blige has responded to a lawsuit filed by TD Bank for a $250,000 loan. Mary’s charity Foundation For Advancement of Women Now defaulted on the loan that was due in full last December. Reportedly FFAWN has paid less than $400 on the loan. Since the news of the lawsuit surfaced the ‘Stronger With Each Tear’ singer has moved into action,
“As soon as I was informed of the issues at FFAWN,” Blige said, “I immediately called my advisors and lawyers to get to the bottom of what was happening. As Founder and CEO of FFAWN, I am ultimately responsible for anything that goes wrong. The problem is that I didn’t have the right people in the right places doing the right things. This should have never been allowed to happen, but it did and now we are fixing it. The good news is that we have been in touch with the MJB Center in Yonkers and the scholarship program, and both are in good shape.”
Mary further confirms that FFAWN is still operating,
“FFAWN is not closing down. 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. Their goal is to get the Foundation back on track, rectify outstanding issues, and make good on all of FFAWN’s obligations.”
Moving forward we hope Mary J. Blige and her partner Steve Stoute will keep a closer eye on their company.