LaVar Ball Is Being Accused Of Embezzling More Than $2.6 Million

LaVar Ball is being accused of embezzling more than $2.6 million in a countersuit by his former Big Baller Brand partner, Alan Foster. Foster was accused in April of damages in more than $2 million. Per the Blast...

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According to Foster, “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.”

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Per ESPN.com...

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In April, Lonzo Ball filed suit against Foster for damages of more than $2 million, plus interest, alleging that Foster “conspired to embezzle millions of dollars and then divert those funds for his personal use, including to acquire assets in Ethiopia.”

In court documents obtained by ESPN, Ball alleged that Foster, shortly after his release from prison, “embarked on his plan to target Ball and his family” and then “fleeced them of millions of dollars” by “creating a variety of corporate entities in which he gave himself ownership interests and managerial control.”

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(The Spun)