Los Angeles Lakers guard Lonzo Ball has filed a lawsuit against a co-founder of Big Baller Brand, days after the Ball family cut business ties over what they say is about $2 million in missing money. The details come from court documents obtained by The Blast.
According to the filing, Ball claims Alan, who has known the family for nearly a decade, did not tell them about his past criminal history, which Ball describes as including convictions for mail fraud and money laundering. The suit says Ball’s financial advisor spotted irregularities in withdrawals made between May 2016 and September 2018.
The lawsuit alleges that Alan took about $1.5 million in cash withdrawals during that period, and that another $475,000 was sent to a company he controlled.
Ball also claims Alan set up several business entities that gave himself ownership and control, and used them to move family money to himself. In the filing, Ball describes some of them as shell companies. The suit further alleges that Alan encouraged him to take out loans from non traditional lenders with high financing charges that were paid to Alan without Ball’s knowledge or consent.
Ball also claims that when the money problems came to light, Alan threatened to share false and misleading information about the family. Ball is seeking $2 million in damages.
These are allegations made in a lawsuit. A response from Alan was not included in the court documents reported by The Blast, and Baller Alert has not seen one.
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