Lonzo Ball cuts ties with BBB co-founder 1.5M missing

CouldntBeMeTho

CouldntBeMeTho

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23Stapscity said:
By letting a scammer trick him into starting a business and not take a shoe deal from a major company all because he stroked his ego :francis: apparently Alan was pushing to start BBB now we see why.

He didn’t keep up with the business and let his boy scam his son
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At the end of the day not only did he get ganked for 1.5 mill, he left 10s of millions on the table in endorsements. He might still be able to make some of that up. But thats a huge L
 
Regular_P

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Bilz said:
LaVar better hope that all Alan was doing was embezzling money. If he had any other illegal activity going on, LaVar would look guilty too for looking the other way this badly. I know of cases like this where people had to use low IQ as a legal defense and based on the details out there so far, LaVar might be legit retarded.

If Lonzo has a financial advisor, why did Alan have access to these accounts? As an ex-con, he never should have been there in the first place but if they did trust him to help run the business, he should not have had access to cash. Who would he need to pay outside of approved vendors? And you can set those up for ACH payments and/or do weekly check runs. It takes 2 minutes to review a payment run for reasonableness each week.

Alan may be a thief who betrayed their trust but its equally alarming that LaVar has absolutely no clue what he's doing.
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We've known that from the beginning when he convinced Lonzo to turn down a shoe deal with Nike or Adidas it's just these clowns who like to stan this moron like a Trump voter tried to spin it otherwise.

If Fultz got $1.5 million annually, Ball was probably getting offered at least $3-5 million a year if not more since he went to the Lakers. So he went from pocketing millions extra to losing $1.5 million plus whatever else he spent to get everything up and running.
 
Bilz

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23Stapscity said:
By letting a scammer trick him into starting a business and not take a shoe deal from a major company all because he stroked his ego :francis: apparently Alan was pushing to start BBB now we see why.

He didn’t keep up with the business and let his boy scam his son
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It's offensive that LaVar's idiot Stans continue to prop him up as some brilliant black businessman. The dude is a fukking moron. There was literally nothing going right for the business from the start except for brand recognition (which was largely negative).

They had people whose head was so far up LaVar's ass that they were actually paying 500-1000% of market price for BBB bullshyt and instead of valuing that, they turned them into haters by failing to fulfill merchandise orders properly. A high school accounting class could have run this business better.

All of these blind Stans thinking LaVar has been a baller because he lives in Chino Hills. Chino Hills was cheap as fukk back when he moved there and I'm willing to bet that mortgage was achieved based on his wife's salary and like most first time buyers, they probably got significant help from their parents for a down payment. Give him credit for staying home to raise kids but a housewife is all he is. Anyone who thinks that he's a positive symbol of black entrepreneurship needs to go fukk themselves.
 
23Barrettcity

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Peter Vecsey said:
Zo didn’t take a shoe deal because he wanted to be a part of a 100 percent black owned shoe company... or are you of the belief that nikkas shouldn’t have lofty aspirations of being owners and always accept a white man’s hand out instead... :mjpls:
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Wtf are you talking about ? It was a scam and vanity project for his dad . He could of got a shoe deal and used the money to establish a brand. The idea was fine the execution was terrible clearly . This is why we were clowning lavar
 
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Peter Vecsey said:
Where has his father done any of that? And why are you making shyt up
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Negro I aint making up shyt. shytty shoes, money missing, shytty business, shytty deals, unrealistic demands, attention whore antics, not knowing when to be tactfully silent.


Show me where Lavar aint a shytty father and businessman. Lavar is the epitome of a feminized, buck broken black man who has to seek unsavlry attention at the sake of himself and his sons for unresolved validation issues
 
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