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SportFBI reportedly investigating Lonzo Ball's former business manager

07:35  25 april  2019
07:35  25 april  2019 Source:   yardbarker.com

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LaVar Ball and the Ball family have already cut ties with former business manager Alan Foster after .5 million went missing, with Big Baller Brand majority owner Lonzo Ball When a different financial manager reportedly alerted the family of the missing .5 million in October, the family reportedly

LOS ANGELES (CNS) - An FBI official said today she could neither confirm nor deny a report the agency is investigating whether the longtime business manager of Los Angeles Lakers point guard Lonzo Ball and his family defrauded them of millions of dollars. The Los Angeles Times, citing two

FBI reportedly investigating Lonzo Ball's former business manager© Alonzo Adams-USA TODAY Sports

Lonzo Ball and his family recently had a falling out with longtime business manager Gregory Alan Foster. And it’s possible that Foster cost the Los Angeles Lakers guard and his family millions.

Tania Ganguli and Richard Winton of the Los Angeles Times reported that the matter is being investigated by the FBI.

“Authorities say the investigation is focused on allegations included in a lawsuit filed in Los Angeles County Superior Court this month by Lonzo Ball and Big Baller Brand. The suit alleges Foster took more than $1.5 million out of the company’s bank accounts and accepted 'substantial undisclosed referral fees' from at least eight loans he arranged on behalf of the company.”

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More troubles for Lonzo ' s former business manager . Lonzo Ball ' s distancing from Big Baller Brand continues. The Los Angeles Lakers point guard has reportedly filed a lawsuit against BBB co-founder Alan Foster. The Ball family and its financial team are reportedly cooperating with the FBI as well.

Lonzo Ball has a new agent. Whether he'll soon be wearing new shoes remains unclear. In March, Ball parted with Big Baller Brand business partner Alan Foster after .5 million from Ball ’ s personal and business accounts allegedly went missing.

Foster was one of the co-founders of the famed Big Baller Brand. ESPN’s Ramona Shelburne and Paula Lavigne reported in March that the Ball Family (and Big Baller Brand) had severed ties with Foster.

Foster had previously taken part in a scheme that cost investors nearly $4 million. For his role in that scheme, he served time in federal prison. Per Ganguli and Winton, “Ball said he and his family had no idea” that Foster had done time.

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FBI reportedly investigating Lonzo Ball's former business manager
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