In a move that was only a matter of time, Lonzo Ball is reportedly suing Big Baller Brand co-founder Alan Foster, per TMZ Sports. The report was also confirmed by Los Angeles Times’ Lakers beat writer Tania Ganguli.
Per TMZ Sports, Ball is suing Foster for “orchestrating a ‘fraudulent scheme'” directing money from the company and into personal accounts, among other allegations.
Ball claims Foster intentionally got close to his family knowing he was one of the best basketball players in the country and would likely go on to make millions in the NBA.
The Balls also claim they had no knowledge of Foster’s checkered past … and that he spent several years in federal prison in the early 2000s for his alleged role in a ponzi scheme.
Ball claims Foster began conspiring against them shortly after his release.
It was reported last week that Foster — who owns around 16-percent of the company — allegedly stole the money and that Ball cut ties with him … so it was only a matter of time before it went to court.
Zo also alleges when Foster was confronted, he threatened to expose the Ball family with false information to the public.
The details of the report have been oft-shared at this point with Foster allegedly funneling money from Ball and Big Baller Brand into personal accounts and withdrawing money in large sums.
For a variety of reasons related to the situation, Ball has distanced himself from the company and family in the wake of the report. This move will only likely lead to more uncomfortable conversations and situations should the matter end up playing out in court.
