It seems like the Ball Family is having a major dispute. Big Baller Brand may have officially lost their biggest star.
Alan Foster Lonzo Ball
After having a less than stellar season, the Los Angeles Lakers point guard is looking to resolve a financial matter. Lonzo Ball was the face of the Big Baller Brand, but now it seems as though that partnership is at a crossroads. Over the last several week’s accusations started swirling that a former partner of the brand and close family friend stole $1.5 million dollars. This puts the brand in a dangerous predicament as Alan Foster is the co-founder of BBB. Apparently, Alan has been stealing money from Ball’s personal and business accounts.
Recently the family has allegedly cut ties with Foster. Furthermore, this comes at perhaps the worse time of Lonzo’s career. Since LeBron James debut with the Lakers, the point guard talent has been in the shadows. Overall, the injury list of player King James , Lonzo, and Ingram is the main reason the Lakers are out of playoff contentions. All three players are benched for the rest of the postseason.
Sticky Fingers Alan Foster
“fleeced them out of millions of dollars by, among other things, creating a variety of corporate entities, in which he gave himself ownership interests and managerial control. Foster used these entities, some of which appear to be nothing more than shell entities, to directly and indirectly, funnel substantial amounts of Ball family money to himself.”
Alan Foster has allegedly done seven years in federal prison. The co-founder is previously convicted of mail fraud and money laundering. Sources state that from May 2016 to September 2018, Foster was able to collect over a $1 million dollars. He went through shady loan lenders for the purpose of managing assets. In addition, large cash withdrawals were taken from Lonzo’s account and placed into one of Foster’s other businesses.
Should Alan Foster be thrown in jail? Should Lonzo sign with Nike? Leave your comments below, and stay tuned to Hypefresh.co.
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