Report: Former Big Baller Brand business manager being investigated by FBI
Gregory Alan Foster, the former business manager for Big Baller Brand, is being investigated by the FBI for potentially defrauding the Ball family, according to a report from the Los Angeles Times.
Foster, who had known the Ball family since Lonzo was in middle school, was described by Lonzo as being “like my second dad.” Foster was removed from his position back in March, amid rumors that Big Baller Brand would be folding. Lavar Ball denied those rumors, while also referring to Foster as a “snake up in the thing.”
As it turns out, Foster had previously served prison time for running a fraudulent stock scheme that included telling potential clients that NBA stars David Robinson, Robert Horry, and Avery Johnson were investors. He ended up serving five years and met Lavar Ball and his family a decade ago, after getting out of prison.
The FBI investigation is focused on Foster’s behavior with Big Baller Brand, where he is alleged to have taken $1.5 million out of company accounts. In a lawsuit brought against Foster, it is alleged that he influenced Lonzo Ball not to sign with another apparel company but rather help grow Big Baller Brand, and also alleges that Foster drove Lonzo Ball not to try out for any other team besides the Lakers.