LaVar Ball Accused Of Embezzling $2.5 Million From Family-Owned Companies - MTO News

Not a great week for LaVar Ball who is being sued by his ex-business partner for embezzling over $2.5 million from the family-owned companies, "to fund his own extravagant lifestyle."

According to new legal documents, obtained by The Blast, Alan Foster, the co-owner of Big Baller Brand is alleging that the basketball dad is exploiting his own kids for fame and for a check.

According to Foster, "In early 2016, in furtherance of LaVar's intense desire to share in, or rise above, the glory and spotlight of his sons, LaVar approached Alan and asked for his business guidance on how to monopolize and gain fortune and fame from the names and likenesses of his three sons. In response, Alan suggested that the two men brand the "Ball" family name in order to create basketball and entertainment-related businesses. LaVar loved Alan's idea and wanted to make sure that he was the biggest star in the family, notwithstanding the fact that he was broke, had no savings, poor credit and zero business acumen."

He goes as far as to call LaVar a "liar" in the docs. This comes after LaVar sued Foster for similar acts. He alleged that Foster had "fleeced them out of millions" and that "Foster never disclosed that he had previously been convicted of mail fraud and money laundering and sentenced to seven years in federal prison."