Singer Chris Brown, known for his share of controversies over the years, is now facing some serious financial trouble. He is now being sued by City National Bank after taking out a huge loan to buy 2 Popeyes Chicken franchises and has not yet paid back.
According to legal documents obtained by The Blast, City National Bank claims Brown owes them a whopping $2,140,901, which includes the principal amount and interest. This loan dates back to 2018, and despite the bank’s efforts, the money remains unpaid.
Initially, the lawsuit was filed in Georgia, where the courts ruled in favor of the bank. Now, the battle has shifted to Los Angeles, where Brown resides.
Even though there are others listed as borrowers in the lawsuit, including Grammy Award-winning producer The Dream, the bank made it clear in the documents that Chris Brown is the one personally responsible for repaying the loan.
Source: blackbusiness.com
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