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Mary J. Blige's Charity

Fires Back at $250k Suit ...

We Were Broke, Duh!

6/17/2012 6:40 AM PDT BY TMZ STAFF
EXCLUSIVE

0617_mary-j-blige_getty
Mary J. Blige
's charity says the bank that is suing them was STUPID to loan their broke asses any money ... so it's their own fault they can't get it back -- this according to legal docs.

As TMZ 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.

66 COMMENTS

No Avatar
31.

ManiacalZebra    

Wait. You guys are incompetent with money and that's somehow the bank's fault. That's stupidity on a whole different level.

828 days ago
32.

twinsies    

How low is that. Hopefully her record and concert sales drop. What a lowlife. She needs to be held accountable for this loan just like anybody else.

828 days ago
33.

Cheryl    

You knew you couldn't pay back the loan and now you're passing the blame. Damn hood rat. This bitch is shady.

828 days ago
34.

weird al yankovich    

uh ! what do you expect they're black !

That's just how they do

828 days ago
35.

MP    

Ms. Blige should sell one of her cars and pay back the money. I really have no sympathy for rich people when they run into financial problems.

828 days ago
36.

Superman    

What a dumbass response! If they knew they shouldn't have gotten the loan, then they shouldn't have accepted the money! Not to mention, they were likely fraudulent on how they would pay back the money and they were definitely fraudulent on when they would pay back the money.

828 days ago
37.

Meanie    

stupid hoodsters.... not to good with those math skills.

828 days ago
38.

Truth    

WOW, STUPID IS AS STUPID DOES... IN OTHER WORDS THE FOUNDATION ESSENTIALLY COMMITTED FRAUD BUT IT WAS THE BANK'S FAULT FOR NOT NOTICING THEY WERE A FRAUD TO BEGIN WITH AND THEREFORE, SHOULD SUFFER THE LOSS. HEY, WAIT A MINUTE.... ISNT THAT BERNIE MADOFF SKOOL OF BUSINESS??? #EPICFAIL #TRUTH##

828 days ago
39.

abby    

Not that I have any great respect for banks, but this seems to be another case of blaming the victim.

828 days ago
40.

Ace    

If the bank had NOT loaned her the money they would have claimed it was racial. Because the bank DID loan them the money it shouldn't have.

828 days ago
41.

david    

she showed her blackness with that statement

828 days ago
42.

Joao    

Mary J. Blige and Steve Stoute Foundation for the Advancement of Mary J. Blige Now

828 days ago
43.

annie2    

This woman is UNbelievable. Aren't banks in the habit of giving loans to people/businesses who NEED money? Isn't that the name of the game?? The bank is supposed to consult their crystal ball and predict that Mary J Blige of all people is not going to pay back a loan?

828 days ago
44.

Azzkicker    

"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" - STUPIDEST EXCUSE EVER. Someone needs to explain to dumbass Mary J. Blige that, when she signs the papers, she's saying she intends to pay back the loan. Whether they should have gotten it is irrelevant & won't be considered in court. Dumbass Mary J. Blige & her stupid charity will lose in court and will have to pay back the whole amount plus interest plus penalties plus attorney's fees. What a dumbass...

828 days ago
45.

Canadasux    

Whoever the A$$clown is who's speaking for this, "charity," that person should step down from that post IMMEDIATELY! - AND PRAY TO GOD FOR A FEW MILLION, MAYBE A DOZEN MILLION, BRAIN CELLS FOR CHRISTMAS!

828 days ago
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