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Last month, Lonzo Ball severed ties with longtime family friend and Big Baller Brand co-founder Alan Foster after $1.5 million of Lonzo’s money went unaccounted for.
Los Angeles Lakers guard Lonzo Ball has severed ties with a co-founder of Big Baller Brand over concerns that the longtime family friend has a criminal past and also has not adequately accounted for the whereabouts of roughly $1.5 million from Ball’s personal and business accounts.
Ball told ESPN that he believes that Alan Foster, a friend of Lonzo’s father for almost a decade who owns 16.3 percent of Big Baller Brand, had “used his access to my business and personal finances to enrich himself. As a result, I have decided to sever all ties with Alan, effective immediately.”
During yesterday’s episode of LeBron’s HBO show “The Shop” Lonzo Ball talked about his relationship with Foster and revealed that the Big Baller Brand executive started stealing money from him after his mother suffered a stroke in May 2017 and left her incapable of handling his finances.
Lonzo says Alan Foster didn’t start taking money until his mom got sick because she used to handle finances:
“That s–t hurt me. I don’t even know what I’d do if I’d seen him right now” #TheShopHBO
(via @HBO) pic.twitter.com/QagXw8sebR
— Bleacher Report NBA (@BR_NBA) May 5, 2019
https://twitter.com/srekal_/status/1124894740749660160
You don’t understand how much he meant to me when I bought my mom and dad a house he had a room. So like the media sees, The way I feel about is different, that’s why I covered up the BBB tattoo is on my arm. When I saw that I saw him…When we looked at the transactions the shit didn’t start happening until my mom got sick cause she took care all the money shit, that’s what really hurt me, that shirt hurt me, I don’t even know what I would do if I see him right now. So when that happened everything just went off.
Lonzo also revealed his father’s reaction to the news that Foster had been stealing from him.
That’s the first time I would say that I called him and he literally shut up, he’s always talking and that’s the first time I was like you need to listen, that was hard because that was the first time I was like, let me talk.
Foster is currently being investigated for fraud by the FBI due to Lonzo’s allegations.
Big Baller Brand Co-Founder Alan Foster Is Being Investigated by the FBIhttps://t.co/OFQhbAZIub pic.twitter.com/swHPd1gt14
— SoleCollector.com (@SoleCollector) April 25, 2019