Big Baller Brand had a vision once upon a time, but it seems to have fallen by the wayside.
On top of having hundreds of complaints about not being able to ship things out on time, shipping the wrong items, and having a failing grade with the Better Business Bureau, the company just might lose its biggest client.
Over the weekend, it was reported that Lonzo Ball had parted ways with long-time family friend and Big Baller Brand co-founder Alan Foster after he found out $1.5 million was missing from his accounts.
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.
To make matters worse, LaVar Ball didn’t seem to do his due diligence and check the background of Foster that would’ve prevented all of this.
In 2002, Foster was sentenced to more than seven years in prison after pleading guilty to one count of mail fraud and two counts of money laundering as part of a scheme that defrauded 70 investors of $4 million, according to federal court records obtained by ESPN. Foster was also ordered to pay $3.7 million in restitution to victims.
Lonzo said he had not been aware of that history and that he would check into the matter. Multiple sources close to the Balls told ESPN that Lonzo soon after began asking those close to him questions about Foster’s past and also began to revisit the allegations made by Lukanga.
Sources close to the Ball family told ESPN that Lonzo expressed his concerns about Foster to his father several times over the past few months but deferred to LaVar to manage the situation.
It wasn’t until this week, the same sources said, that LaVar fully reviewed the email warnings and documents from Lukanga, as he had been traveling overseas with his younger sons in the fall. The sources described LaVar as “stunned” when the emails and documents were read to him. LaVar declined comment but issued a statement to ESPN calling the situation “devastating.”
Saturday night, the oldest of the Ball brothers decided to make a statement that seemed to suggest he was moving on from BBB.
Fast forward to less than 24 hours later and it seems Lonzo has deleted everything that has anything to to with BBB on his Instagram.