Embattled Bishop Eddie L. Long Hit with Fifth Lawsuit, Bank Alleges He & Two Others Defaulted on Property Loan

The Eddie L. Long soap opera continues. Another lawsuit has been filed, but hold your horses, it isn't another gay sex allegation. This time, he and two others, Marrion Heflin and Frederick Folson, were ordered to pay $1.9 million for defaulting on a property loan. According to the Atlanta Journal Constitution, the suit was filed Monday in DeKalb County State Court ordering Long and the others to pay off the debt in 10 days or incur additional fines and attorneys’ fees.

The new suit stems from August 2007 when Long and two business partners as part of the West Indies Holding Company bought a gym in Jonesboro. Long’s partners include Marrion Heflin, a self-employed businessman, and Frederick Folson of McDonough, who runs non-profit Strategic Community Initiatives in Lithonia.

Long and his partners signed an agreement to purchase Hoops N’ Fitness on Tara Boulevard for $643,556 plus $223,000 in interest, according to a promissory note obtained by The Atlanta Journal-Constitution.

In 2009, the seller, Danny Wright and J.D. Rock Enterprises, filed suit, alleging Long and his partners had not paid any of the debt. That suit is still pending.

On Monday, the mortgage company, State Bank and Trust and the FDIC, filed suit against Long and his partners.

The new suit alleges the three parties owe $1.86 million on the defaulted loan, along with $32,000 in interest. That interest – more than $300 a day -- is continuing to accrue, according to the suit. Source

Okay, so I am sure Eddie L. Long knew this was coming and didn't take care of this mess before the sh** hit the fan. Why he won't step down from his leadership role at Newbirth Missionary Baptist Church is beyond me. Well, since there is a Jim Jones-type atmosphere at the church, I guess I am not surprised he chose to ride it out with his fawning congregants blindly believing in him.