LaVar Ball embezzled millions from Big Baller Brand, according to lawsuit filed by co-founder

Alan Foster, a co-founder of Large Baller Model, has filed a lawsuit towards LaVar Ball that claims he embezzled $2.5 million from the corporate to fund his way of life, The Blast reported Thursday.

An excerpt from courtroom paperwork obtained by The Blast reads:

“In early 2016, in furtherance of LaVar’s intense need to share in, or rise above, the glory and highlight of his sons, LaVar approached Alan and requested for his enterprise steerage on the right way to monopolize and acquire fortune and fame from the names and likenesses of his three sons. In response, Alan recommended that the 2 males model the “Ball” household identify as a way to create basketball and entertainment-related companies. LaVar cherished Alan’s thought and wished to ensure that he was the most important star within the household, however the truth that he was broke, had no financial savings, poor credit score and 0 enterprise acumen … LaVar is a liar who fraudulently utilized BBB and BSG (Ball Sports activities Group) to fund his private way of life.”

The report says Ball used the cash he embezzled to purchase automobiles and make “upgrades to his home including, artificial turf, furniture, painting the home, carpet, redoing the swimming pool, custom BBB chandeliers, a home theater and new air conditioning.”

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The Ball household launched an announcement later Thursday saying, partially, they may “continue to vigorously pursue their civil action against Foster seeking civil damages.”

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Ball Household Assertion, “Not solely will LaVar Ball and his household proceed to vigorously pursue their civil motion towards Foster searching for civil damages, however may also proceed to cooperate with legislation enforcement as a way to search justice for his egregious actions. “(Cont’d)

— Ramona Shelburne (@ramonashelburne) October 3, 2019

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“Alan Foster is a convicted felon and is currently being investigated by the FBI,” the assertion continued, through ESPN. “He has served seven years in jail for fraud and has a deep legal previous defrauding those that have positioned their belief in him.

“The Ball household are all united in relentlessly pursuing Foster for his grave injustices, and can all the time combat to guard the revered Ball household identify, regardless of Foster’s futile try and defile it.”

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Ball Household Assertion, “Alan Foster is a convicted Felon and is currently being investigated by the FBI. He has served seven years in jail for fraud and has a deep criminal past defrauding those who have placed their trust in him.” (Cont’d)

— Ramona Shelburne (@ramonashelburne) October 3, 2019

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Ball Household Assertion, “The Ball family are all united in relentlessly pursuing Foster for his grave injustices, and will always fight to protect the respected Ball family name, despite Foster’s futile attempt to defile it.”

— Ramona Shelburne (@ramonashelburne) October 3, 2019

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This newest lawsuit comes six months after Lonzo Ball, Lavar’s oldest son and member of the Pelicans, sued Foster for related causes. In accordance with ESPN, Lonzo Ball mentioned Foster embezzled tens of millions for private use and to “acquire assets in Ethiopia.”

Foster’s counterclaim states “LaVar intentionally misled Lonzo about Alan’s alleged theft of BBB funds in an effort to (a) cover up the fact that LaVar stole from, and continues to steal from, Ball Sports Group, Inc. (“BSG”) and Large Baller Model, LLC (“BBB”), which he makes use of as his private piggy banks.”

Lonzo was an enormous a part of Large Baller Model’s launch in 2016 and wore the corporate’s footwear to start out his NBA profession. He has since distanced himself from the model and not too long ago admitted that the “ZO2s” he performed in with the Lakers weren’t prepared and it seemed like his footwear had “exploded” after every sport. He needed to swap out the sneakers every quarter, however he insists he does not have any regrets about sporting them.


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