Alan Foster, a co-founder of Big Baller Brand, has filed a lawsuit against LaVar Ball stating that Ball embezzled $2.5 million from the company to fund his lifestyle.
An excerpt from the document reads:
“In early 2016, in furtherance of LaVar’s intense desire to share in, or rise above, the glory and spotlight of his sons, LaVar approached Alan and asked for his business guidance on how to monopolize and gain fortune and fame from the names and likenesses of his three sons.
In response, Alan suggested that the two men brand the “Ball” family name in order to create basketball and entertainment-related businesses.
LaVar loved Alan’s idea and wanted to make sure that he was the biggest star in the family, notwithstanding the fact that he was broke, had no savings, poor credit and zero business acumen … LaVar is a liar who fraudulently utilized BBB and BSG (Ball Sports Group) to fund his personal lifestyle.”
The report also states that Ball used the money he embezzled to buy cars and make “upgrades to his home including, artificial turf, furniture, painting the home, carpet, redoing the swimming pool, custom BBB chandeliers, a home theater and new air conditioning.”
The Ball family released a statement:
“Alan Foster is a convicted felon and is currently being investigated by the FBI.
He has served seven years in jail for fraud and has a deep criminal past defrauding those who have placed their trust in him.
The Ball family are all united in relentlessly pursuing Foster for his grave injustices, and will always fight to protect the respected Ball family name, despite Foster’s futile attempt to defile it.”
Just six months ago, Lonzo sued Foster for similar reasons saying Foster embezzled millions from the company.
The fight continues between Foster and the Ball family, and it’s getting uglier.
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