According to NBA reporter Shams Charania, Zo is suing for damages ‘in excess of $2 million’ and for ‘funds taken by Foster from BBB...to purchase assets in Ethiopia in means of, among other things, secreting stolen funds.’ Whatever that means…
Per lawsuit papers, Lakers' Lonzo Ball is suing Big Baller Brand co-founder Alan Foster for damages "in excess of $2 million"; and, in part, "funds taken by Foster from BBB … to purchase assets in Ethiopia as a means of, among other things, secreting stolen funds..."
— Shams Charania (@ShamsCharania) April 3, 2019
The beef between Lonzo and Foster has been festering for weeks, with the Lakers guard parting ways with Foster last month amid allegations he’d been responsible for approximately $1.5 million missing from Zo’s bank accounts.
And that’s not all — ESPN has revealed that Foster was sentenced to over seven years in prison back in 2002 for mail fraud and money laundering that resulted in $4 million being taken from 70 investors. Lonzo claims that this information wasn’t disclosed to the Ball family by Foster during BBB’s establishment.
We’ll continue to follow the saga. Stay tuned for more developments… and possibly a diss track.