The Ball Family’s Big Baller Brand began to unravel earlier this year after a report by ESPN revealed that Big Baller Brand co-owner and Ball family friend Alan Foster — who has previously served time for financial crimes — likely stole $1.5 million from the mostly Ball family-owned brand.
After the news dropped, the Ball family disassociated themselves from Foster, who owned 16 percent of BBB. Now Foster is striking back at the family, claiming in a new lawsuit that it was patriarch LaVar Ball who was doing the embezzling, stealing over $2.5 million to fund his extravagant lifestyle.
Alan Foster writes
“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,” the suit reads.
“LaVar is a liar who fraudulently utilized BBB and BSG to fund his personal lifestyle.”
As reported by Newsone