Lonzo Ball sues Big Baller Brand co-founder Alan Foster for fraud
Lonzo Ball is taking legal action against a Big Baller Brand co-founder.
Ball filed a lawsuit in Los Angeles on Tuesday in which he alleges Big Baller Brand co-founder Alan Foster defrauded them and stole $1.5 million from him. The suit alleges Foster, who spent time in federal prison for running a Ponzi scheme, schemed to get close to the Ball family to take advantage of them, knowing about the basketball prowess of the three brothers.
Foster, who owns around 16 percent of the shoe/apparel company, allegedly stole $1.5 million from Lonzo. TMZ Sports says Lonzo is asking for over $2 million from Foster.
The negative news surrounding the Ball family and Big Baller Brand has been trickling out over the past 1.5 weeks. We learned in March that Ball was breaking ties with Foster after believing he stole $1.5 million from him. That piece of information was the first in many steps of Ball distancing himself from the brand. He hinted on Instagram at a move to Nike. He even covered up his Big Baller Brand tattoo.
Though the Big Baller Brand was a great idea and had a lot of momentum, their poor logistics, personnel decisions, and execution kept them from developing into the vision LaVar once held.