Ball cut ties with his Big Baller Brand earlier this year, even covering up his “BBB” tattoo with a bad-looking pair of dice. This was because Gregory Alan Foster, one of his confidants and business partners, allegedly stole money from the company to the tune of several million dollars.
Now the FBI is reportedly investigating Foster for his involvement in bilking money from Ball.
Via LA Times:
The FBI is now investigating whether Foster defrauded the Ball family out of millions of dollars, according to two law enforcement sources. While it’s unclear when exactly the official investigation began, one of those sources said it is at least two months old.
Lonzo Ball and the family’s shoe and clothing business recently accused Foster in a lawsuit of taking more than $1.5 million out of the company’s bank accounts and accepting “substantial undisclosed referral fees” from at least eight loans he arranged on behalf of the company.
“[Foster is] like my second dad,” Lonzo replied. “So when he came to me, I just talked to him and I didn’t think there was anything wrong with it. He just gave me his story. Now, looking back at it, obviously I wish we would have jumped at it back in October.”
According to the Times, Foster’s whereabouts are currently unknown. Hopefully Ball will be able to recover some kind of financial damages from all of this.