Lakers’ Lonzo Ball Suing Big Baller Brand Co-Founder for Embezzlement
The Big Baller Brand saga is not over just yet.
Yesterday, it was reported that Los Angeles Lakers point guard Lonzo Ball has filed a lawsuit against the company’s co-founder Alan Foster for over $2-million plus interest. A couple of weeks ago, Ball accused Foster of “[conspiring] to embezzle millions of dollars and then divert those funds for his personal use, including to acquire assets in Ethiopia.”
According to the lawsuit the oldest of the Ball brothers is filing, Lonzo claims that Foster persuaded him “that it would be in his best financial interest to form his own company and his own brand of apparel and merchandise rather than aligning himself with established brands that had expressed substantial interest in signing Ball to lucrative endorsement deals.”
Additionally the Lonzo alleges that Foster has never made the Ball family aware of his criminal past, which included a seven year prison sentence for defrauding 70 investors $4 million.
Meanwhile, it seems as though Lonzo is ready to move on from his father’s brand. The UCLA alum posted a cryptic Instagram picture on March 23 hinting at a potential shoe deal with Nike.
Either way, it doesn’t seem as though Ball is going down without a fight.