LaVar Ball issued a statement on Thursday in response to the lawsuit filed by his former business partner, Alan Foster.
Foster filed a suit that alleges Ball embezzled $2.5 million from Big Baller Brand to finance his personal life of luxury. Foster was sued in April by Lonzo Ball for allegedly stealing $1.5 million from the New Orleans Pelicans guard. Foster said in his suit that he invested money into Big Baller Brand and personally covered many of Lonzo’s college expenses via a loan.
Here is LaVar’s response, via TMZ Sports.
“Alan Foster’s claims are not only unfounded and devoid of any truth, but are an egregious attempt to turn the attention away from the millions of dollars that he embezzled from the Ball Family and the Ball Family Business. Not only will LaVar Ball and his family continue to vigorously pursue their civil action against Foster seeking civil damages, but will also continue to cooperate with law enforcement in order to seek justice for his egregious actions.”
“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.”
Foster’s filing was a countersuit to Lonzo’s lawsuit, which is why the statement references pursuing civil action seeking damages against Foster. A report in April said Foster was being investigated by the FBI.
Foster has previously served prison time for running a fraudulent stock scheme.
