Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Lonzo Ball and The Ball Family Consider Shutting Down Big Baller Brand After Co-Founder Is Ousted Over Missing Money

by MsJennyb
March 27, 2019
Reading Time: 2 mins read
0
Lonzo Ball Vs Big Baller Brand

(Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images)

Share on FacebookShare on Twitter

Three years after the launch of LaVar Ball’s Big Baller Brand, the company may be closing its doors for good upon learning its co-founder and longtime family friend, Alan Foster, had been unable to account for almost $2 million. 

On Friday, ESPN’s Ramona Shelburne announced Lonzo Ball’s decision to sever business ties with Foster, who he claimed: “used his access to my business and personal finances to enrich himself.” Foster worked as a business manager for Big Baller Brand after nine years of friendship with the family. 

However, things came to a screeching halt after Ball’s financial advisor found some financial inconsistencies within transactions between BBB and Foster’s Marathon Consulting business. “Over $1.5 million has disappeared, and he has wired over $474,000 to himself through Marathon Consulting. So close to $2 million has touched Alan’s hands but $1.5 million of it has disappeared in cash and can’t be tracked,” the adviser told Ball last fall. 

Ball left it up to LaVar to handle, but as time went on with no solution, Ball’s adviser resigned. Four months later, ESPN asked Ball about Foster’s criminal history, which forced the baller to do his own digging. 

Eventually, Ball learned that their business manager was a convicted fraudster who pleaded guilty to one count of mail fraud and two counts of money laundering after scamming 70 investors out of $4 million. Ball then turned over the documents to his father, and by Friday, Foster was ousted. 

Problem is, according to Bleacher Report, Foster owns 16.3 percent of Big Baller Brand, as he served as a co-designer and manager of the apparel line and business. As a result, the Ball family may be looking to close down for good. 

According to ESPN, the family discussed the possibility over the weekend. Apparently, they’re considering shutting down any business ventures linked to Foster, starting with the apparel line. However, at this time, the march is still available on the brand’s site.

Lonzo Ball Vs Big Baller Brand
Hans GutknechtMediaNews GroupLos Angeles Daily News via Getty Images

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: Big Baller BrandLavar BallLonzo Ball

Related Posts

Trump Orders National Guard to Exit Los Angeles After Immigration Protests and Legal Pressure
News

Trump Orders National Guard to Exit Los Angeles After Immigration Protests and Legal Pressure

July 15, 2025

The Trump administration is walking back a controversial move to flood Los Angeles with federal troops, ordering 2,000 National Guard...

Fyre Festival Brand Sold on eBay for $245,300 After Wild Bidding War
News

Fyre Festival Brand Sold on eBay for $245,300 After Wild Bidding War

July 15, 2025

Fyre Festival’s brand rights, from its IP and trademarks to its social media handles, were auctioned off on eBay this...

nicki minaj, tde punch, sza
Entertainment

Nicki Minaj Lights Up TDE President Punch On X: Dubs Him “Minus 30 Million,” and SZA Catches A Stray

July 15, 2025

Nicki Minaj is making it clear: she’s tired of being silent. Posted to her official X account, the rap icon...

Columbus Short Reveals Why He Named His Son After Denzel Washington
News

Columbus Short and Wife Aida Abramyan Granted Mutual Restraining Orders After Explosive Allegations

July 15, 2025

The ongoing turmoil between actor Columbus Short and his wife, Aida Abramyan-Short, has reached a breaking point, with both parties...

Next Post
Birdman

Birdman and Juvenile Talk New Joint Album And Tour: “[Expect] Original Cash Money Shit”

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d