Report: Alan Foster Sues LaVar Ball, Says He Embezzled $2.5M from BBB, BSG

Rob Goldberg@TheRobGoldbergFeatured ColumnistOctober 3, 2019

LOS ANGELES, CALIFORNIA - DECEMBER 30: LaVar Ball attends a basketball game between the Los Angeles Lakers and the Sacramento Kings at Staples Center on December 30, 2018 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images)
Allen Berezovsky/Getty Images

Alan Foster has filed a civil suit against former business partner LaVar Ball, accusing the Big Baller Brand creator of embezzling $2.5 million from their companies, according to Mike Walters of Blast.

The two were co-owners of Big Baller Brand and the Ball Sports Group but severed ties earlier this year.

"LaVar is a liar who fraudulently utilized BBB and BSG to fund his personal lifestyle," the court files said.

This is a different account from that of the Balls, who have said Foster was the one who stole money from the company.

LaVar's oldest son, Lonzo Ball, left Big Baller Brand in March after saying the longtime family friend had been unable to account for about $1.5 million.

"[Foster] used his access to my business and personal finances to enrich himself. As a result, I have decided to sever all ties with Alan, effective immediately," Lonzo said, per Ramona Shelburne and Paula Lavigne of ESPN.

Foster had owned 16.3 percent of the company.

The 52-year-old, who has previously served prison time for running a fraudulent stock scheme that earned $4 million, is now the subject of an FBI investigation, per Tania Ganguli and Richard Winton of the Los Angeles Times.

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Foster clearly has a different view of how things went down over the past few years.

"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," the court documents read.

Lonzo Ball is entering his third season in the NBA and first with the New Orleans Pelicans, while LaMelo Ball has a chance to be the No. 1 pick in the 2020 draft.