Looks like there’s more bad news for Ja Rule and his Fyre Festival. Following news of a $100 million class action lawsuit, it appears they’re also being sued over a $3 million loan.
EHL Funding claims it loaned the money to the two on April 10 to help cover costs for the festival, and now, they’re worried it won’t be repaid.
In court docs, the rapper and McFarland agreed to make weekly payments for the next year, and after receiving a few payments on time (around $900,000), they haven’t received another payment since April 21.
After three weeks without payment, Ja Rule and his partner have defaulted on the loan, prompting a lawsuit in which they are seeking the money owed, plus interest.
Ja Rule has not commented, as of press time.