Celebs

TSR Updatez: Lonzo Ball Reportedly Suing Big Baller Brand Co-Founder Alan Foster For At Least $2 Million!

<div>&num;Roommates&comma; it looks like &num;LonzoBall will not be making any returns to &num;BigBallerBrand anytime soon&period; As we previously reported&comma; Lonzo has been taking steps to separate himself from &num;BBB including covering up his tattoo of the brand&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>Now&comma; Lonzo is taking his feelings to the courtroom&period; He has reportedly filed a lawsuit against BBB Co-Founder &num;AlanFoster after his money was looking funny&period; According to his financial statements&comma; about &dollar;1&period;5 million was unaccounted for and he believes Foster is to blame&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>According to documents obtained by &commat;Tmz&lowbar;tv&comma; Lonzo is claiming Foster orchestrated a &&num;8220&semi;fraudulent scheme&&num;8221&semi; to take money from BBB and push it into his own assets&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>In addition&comma; Lonzo claims Foster arranged for substantial loans to be taken out in his name for his benefit&period; Instead&comma; the loans were obtained by &&num;8220&semi;non-traditional lenders&&num;8221&semi; who reportedly charged Lonzo large financing charges that were paid to Foster without his knowledge&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>&&num;8220&semi;Foster fleeced the Ball family out of millions of dollars&comma; by among other things&comma; creating a variety of corporate entities&comma; in which he gave himself ownership interests and managerial control&comma;&&num;8221&semi; the lawsuit states&period; &&num;8220&semi;Foster used those entities to directly and indirectly funnel substantial amounts of Ball family money to himself&period;&&num;8221&semi;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>Lonzo is alleging that Foster purposely got close to his family&comma; knowing that he would likely make millions in the NBA&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>He also claims he and his family had no knowledge that Foster had previously spent several years in federal prison for his alleged role in a ponzi scheme&period; Foster was previously sentenced to over seven years in prison for mail fraud and money laundering that resulted in &dollar;4 million being taken from 70 investors&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>Lonzo is suing for at least &dollar;2 million in damages&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>LaVar Ball&comma; however&comma; is reportedly keeping hope alive&excl; He recently visited a Las Vegas radio station to let fans know that BBB is still going strong&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>&&num;8220&semi;The brand is good&period; It&&num;8217&semi;s just somebody did something bad to it&comma;&&num;8221&semi; LaVar said&period; &&num;8220&semi;We had a snake up in the thing&comma; but you gotta understand this&comma; I&&num;8217&semi;m a snake charmer&period; When you&&num;8217&semi;re a snake charmer&comma; you&&num;8217&semi;re gonna get bit&period;&&num;8221&semi;<&sol;div>&NewLine; <div class&equals;"wpra-reactions-wrap wpra-plugin-container" style&equals;"justify-content&colon; 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