'Basketball Wives L.A.' Laura Govan Engagement Ring Fake? Ex-Fiance Rants About Lawsuit Over $1M Diamond Ring

Former Basketball Wives:  L.A. star Laura Govan and her estranged husband, Gilbert Arenas are in a messy break up and lawsuit over her million dollar engagement ring which the NBA star claims was a fake.

The athlete went on his social media site to shut down rumors regarding his business ventures and reveals that his wife has been wearing a fake engagement ring this whole time while the million dollar jewel was locked away in his safe.

"Didn't think ppl were this stupid too believe random shit.....number 1....i dont own a dispensary..i was trying to get a non profit license to be a owner in Los Angeles but these fuckers wanted 1.5mil....number 2...didnt leave my kids for dead in washington,when i went to orlando..20k a month plus the 15,000sq house..the family decided to move too cali and moved into an apartment with 20k cash a month...deadbeat REALLY??..number 3...i didnt kick my family out the calabasas house, i left and moved into a 2 bedroom apt in woodland hills as of TODAY...which ive been in since jan 1st..last but not least when u have a million dollar ring made you also have a fake one made JUST incase shit doesnt workout...lets say shit didnt workout and she has the fake one...no need to forcefully take a ring back if its been sitting in a safe this whole time smdh..Why sell it when i can pass it down too my kids..PEOPLE my dick aint that big for everyone to be hanging on it lmaooo," Arenas wrote on Instagram.

Yikes!