It’s been a tough week for the Big Baller Brand.
Lonzo Ball and the Big Baller Brand have had to deal with some pretty hefty controversy as late in light the allegations that co-founder and family friend Alan Foster stole $1.5 million from Lonzo. Since then, Ball has covered up his Big Baller Brand tattoos which led to speculation that the company was going to fold. While Lavar has dispelled those rumors, it’s clear that the company has been ripped apart by these allegations betrayal.
The latest development in this story is that Lonzo is suing Alan Foster for fraud and breach fiduciary duties. According to the Los Angeles Times, Lonzo is hoping to get $2 million from Foster. Ball alleges that between 2016 and 2018, Foster withdrew money from Lonzo’s accounts and never explained why. Ball is saying that Foster was hoping to buy property in Ethiopia. One the other allegations includes taking out loans in Lonzo’s name in order to avoid culpability.
Foster has been a friend the Ball family since Lonzo was in middle school so the news came as a huge surprise. In light these developments, family patriarch Lavar Ball explained Big Baller Brand’s status over the weekend.
“We had a meeting before the story came out, man. And everybody was in they feelings. What I mean by that is, we’re not really thinking. Cause I told them we’re shutting down everything, cause I don’t want him to get nothing,” LaVar explained to TMZ. “So I said it was shut down. And that’s why D Mo and everybody heard what I said and was going on them things. Okay triple B’s is done.”