Lending Company Wants An Insane Amount of Money Back From Ja Rule
by Mike Winslow
(AllHipHop News) Things continue to get worse for Ja Rule, as the rapper is now the subject of his seventh lawsuit over the Fyre Festival.
According to the latest lawsuit, EHL Funding claims it lent Ja Rule and his partner Billy McFarland a whopping $3 million to help cover the costs of the festival, which took place on Great Exuma Island, in the Bahamas.
The pair received the loan on April 10, just days before the festival kicked off on April 28.
According to TMZ.com, Ja and his partner Billy McFarland were supposed to to be making payments on the loan until next year.
But after the disastrous turnout of the Fyre Festival, EHL claims they have not heard a peep from Ja Rule or Billy McFarland, much less received any payment.
EHL Funding claims Ja Rule and Billy McFarland have already defaulted on their loan, so they’ve called the whole note, with interest and penalties.
As of press time, Ja Rule hasn’t commented on the lawsuit, but he has posted some funny videos on Instagram.