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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
46.

Paul B    

Theif

670 days ago
47.

Max    

Pretty much sums up the Home Lending crisis. "Well, you should have known that I couldn't pay you back, so I shouldn't have to." Not taking responsibilities for one's actions and then blaming others? Classy Mary.

670 days ago
48.

Tommy    

Put this nasty bitch in jail.... Dirty HO!!!!!!!!!!

670 days ago
49.

Torn    

Mary NEVER said that so please don't hate on the Queen. Those rumours are so stupid

669 days ago
50.

SB    

I didn't read thru all the other posts so someone may have brought this up b4 but someone had to personally guarantee this loan, and the bank will go after them. The fact that the foundation said that the person who signed for the loan had no authority shows that someone is personally on the hook for paying it back. They are using this lame excuse to stop the bank from collecting. I won't get into it any further except to say that the bank can easily prove that this person had authority to sign. If the foundation withheld information showing that the person who signed shouldn't have signed, it would be misrepresentation and wouldn't be the bank's fault for not knowing. Bottom line: The bank will be going after anyone and everyone they can associated with running the foundation. They will get their money or whoever run the foundation will have to do something like file bankruptcy to prevent the bank from collecting.

669 days ago
51.

KevinSheen    

Good job Mary. **** the banks.

668 days ago
52.

LindaLu    

The woman wasn't authorized to sign for a loan for the charity but that didn't keep them from spending the money she was able to get for them. SCAM!

667 days ago
53.

John303    

Come on Mary, the public is not stupid. It is obvious you were not helping girls, you were helping yourself! I hope you are sued and found liable for this loan + interest and penalties and court costs. It is too bad you dont realize how this affects your image.

666 days ago
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