LaVar Ball Accused of Embezzling More Than $2.6 Million

LaVar Ball is being countersued by former Big Baller Brand partner Alan Foster, who is accusing the BBB patriarch of embezzling more than $2.6 million, according to legal documents obtained by The Blast. Foster is countersuing LaVar and New Orleans Pelicans guard Lonzo Ball, after he was initially accused of stealing more than $1.5 million from the brand.

According to Foster’s lawsuit, Ball “fraudulently utilized BBB and BSG to fund his personal lifestyle.”

Ball reportedly embezzled the money from Big Baller Brand and Ball Sports Group.

Foster’s suit claims: “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.”

https://www.youtube.com/watch?v=CMyTGa5vkHw

From the report:

According to the documents, Foster says after the companies started to make money, LaVar Ball misappropriated more than $2.5 million in company assets to fund his extravagant lifestyle. He accuses LaVa of spending millions upgrading the $6 million Ball Estate and purchasing $1 million in luxury cars. Some of those expenditures include cars, specifically a Rolls Royce Dawn, a Bentley Mulsanne and two other vehicles.

Foster believes that LaVar Ball misled Lonzo into believing it was Foster who was stealing funds from the company brands. However, he claims it was LaVar who was using Big Baller Brand and Ball Sports Group as “personal piggy banks.”

One thing we do know is this story doesn’t seem to be going anywhere and the Ball family drama will continue.

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