Alan Foster Rumors
Pelicans guard Lonzo Ball and his father, LaVar, have been countersued by their former business partner, Alan Foster, for fraudulent concealment and breach of contract. According to legal documents obtained by The Blast, Foster alleges that LaVar Ball embezzled more than $2.6 million from Big Baller Brand and other companies associated with the Ball family, including Ball Sports Group, to fund his own extravagant lifestyle.
Lonzo Ball dropped his second mixtape titled “50&30″— named after the 50 points and 30 rebounds his manager, Darren Moore, dropped in a charity game — on Thursday and on the first track, “Last Days,” he aired out his grievances with the Los Angeles Lakers and his former Big Baller Brand business partner Alan Foster.
Plenty of personal topics were discussed including meeting LeBron for the first time as well as the whole ordeal that’s transpired with Lonzo’s former business partner and mentor, Alan Foster. The topic of Ball’s relationship with Foster was discussed in reference to Lonzo’s dad LaVar Ball. Lonzo talked about bringing up the alleged money laundering with Foster to his dad: “It wasn’t hard. Because people, how they see my dad in the media is how they see him. But me, I can tell him anything. But I would say that’s the first time I called him and he literally shut up. I would say that. I looked at DMo, I had him on speaker, I’m like ‘He ain’t talking.’ He always talking. That was the first time I was like ‘No, you need to listen.’ So, that was hard, Because that was the first time I ever told him like ‘Let me talk.’ And he stopped and I pulled up to the house that night and laid it out for him. And then we been moving forward ever since.”
Last fall, Humble Lukanga was doing Ball’s accounting when he discovered that about $1.5 million was missing from Ball’s personal and business accounts. Lukanga alerted Ball, who has since sued Alan Foster, a business partner and family friend, for more than $2 million in damages as part of a lawsuit that alleges that Foster embezzled money from Ball and Big Baller Brand, the sneaker company that Ball co-founded.
“Without Humble, I don’t know where I’d be right now,” Ball said in a telephone interview. “I’d be in a very, very bad situation.” He added: “We’ll have a two-hour meeting set up, and I’ll end up talking to him for eight hours. There’s nothing fake coming from him, which is hard to find these days.”
The FBI is investigating whether the longtime business manager of Lakers point guard Lonzo Ball and his family defrauded them of millions of dollars, according to two law enforcement officials. Until recently, Ball said he and his family had no idea that Gregory Alan Foster, who he described as “like my second dad,” had served time in federal prison for taking part in a scheme that deprived investors of $3.735 million.
Authorities say the investigation is focused on allegations included in a lawsuit filed in Los Angeles County Superior Court this month by Lonzo Ball and Big Baller Brand. The suit alleges Foster took more than $1.5 million out of the company’s bank accounts and accepted “substantial undisclosed referral fees” from at least eight loans he arranged on behalf of the company.