Los Angeles Lakers guard Lonzo Ball filed suit late Tuesday night against the former co-founder and manager of Big Baller Brand, Alan Foster, for damages of more than $2 million plus interest, alleging that Foster “conspired to embezzle millions of dollars and then divert those funds for his personal use, including to acquire assets in Ethiopia.”
Can confirm Lonzo Ball is suing Big Baller Brand co-founder Alan Foster. The suit has not been processed yet but that is expected to happen tomorrow. Ball alleges Foster stole money from him while managing his family’s finances.
— Tania Ganguli (@taniaganguli) April 3, 2019
In court documents obtained by ESPN, which were filed electronically on Tuesday night in Los Angeles Superior Court and expected to be processed Wednesday morning, Ball alleges that “shortly after his release from prison, Foster embarked on his plan to target Ball and his family” and then “fleeced them of millions of dollars” by “creating a variety of corporate entities in which he gave himself ownership interests and managerial control.”
Foster then used those entities, the suit alleges, to “directly and indirectly funnel substantial amounts of Ball family money to himself.”
After Ball declared for the NBA draft, the suit alleges that Foster “persuaded Ball that it would be in his best financial interest to form his own company and his own brand of apparel and merchandise rather than aligning himself with established brands that had expressed substantial interest in signing Ball to lucrative endorsement deals.”
As for father LaVar, he says the family gathered to discuss the future of the brand upon hearing the troubling news about Foster.
“We had a meeting before the story came out, man. And, everybody was in they feelings. What I mean by that is, we’re not really thinking. ‘Cause I told them we’re shutting down everything, ’cause I don’t want him to get nothing,” LaVar told TMZ, who then noted, “I said it was shut down.”
LaVar ultimately had a change of heart about Big Baller Brand, but Lonzo had already permanently erased it from his body, covering up the three B’s with a pair of dice.
What a mess.
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