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Lonzo Ball appeared on HBO’s The Shop and spoke about Alan Foster, a family friend and a co-founder of Big Baller Brand who Ball is suing for fraud, claiming that Foster stole $1.5 million from him.
“I’ve known him since I was 12,” Ball said, describing how betrayed he felt by Foster. “… He was like my second dad.”
He continued:
“I bought my mom and dad a house, like, he had a room. … The way I feel about it is different, that’s why I covered the BBB [tattoo] up on my arm. When I saw that, I saw him, and that s–t just made me so, like, I was tight. When we looked at those transactions, the s–t didn’t start happening until my mom got sick. She took care of all the money s–t. So that’s what really hurt me; that s–t hurt me. I don’t even know what I would do if I seen him right now. I ain’t seen him. When that happened, everything just went off.”
Per TMZ Sports, “Ball alleges Foster orchestrated a ‘fraudulent scheme’ to take money from BBB and divert the money to his personal accounts.”
Foster, 52, previously spent 87 months in prison for running a “fraudulent stock scheme that bilked nearly $4 million from 75 investors,” according to Tania Ganguli and Richard Winton of the Los Angeles Times, a past the Ball family has said they weren’t aware of before going into business with him.
Foster owns 16.3 percent of Big Baller Brand, though he is under investigation by the FBI for defrauding the company. He served as the company’s manager before being removed from that position amid Lonzo Ball’s lawsuit.
Alongside the lawsuit, Ball responded by inking over his BBB tattoo, while his manager Darren Moore showed a video dumping Big Baller Brand shoes down a trash chute in late March.
Foster was also dropped from the Ball in the Family reality show:
Ramona Shelburne @ramonashelburne
“Ball in the Family” will minimize Alan Foster’s role in previously shot footage after Lonzo Ball cut ties with the former BBB co-founder last week. A Facebook spokesman tells ESPN, “We support the family. Alan Foster will not be a member of the cast moving forward.”
“Obviously, it hurt me just because of a lot of stuff I’ve been through with him,” Ball said on April 10, per Ganguli and Winton. “A lot of decisions he made on my behalf and stuff. So it hurt. It hurt a lot.”
from Update News Topic http://bit.ly/2VPY9CK
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