Philadelphia Phillies third baseman Alec Bohm has sued his parents for millions of dollars, accusing them of siphoning large amounts of his money into financial accounts they managed for him and then using some of the cash to pay their own expenses.
Bohm’s lawsuit, filed on Wednesday in a Philadelphia court, comes after the 29-year-old reviewed his personal and financial affairs in recent months, and said that his parents refused to give him access to the accounts or provide him with the information he sought about them.
They sought to “freeze” him out of four accounts – established as limited liability companies – and he now believes they “converted a sizeable amount” of his money from those accounts “to their own use,” the lawsuit said. By the time he sought the information, his parents had already transferred millions of dollars from his personal accounts to the accounts they controlled, the lawsuit said.
They have also allegedly charged their son $50 an hour to manage his financial affairs.
Bohm’s parents, Daniel and Lisa Bohm, deny any wrongdoing and, through their lawyer, said they are “deeply saddened by the allegations” and will aggressively defend themselves. Their lawyer, Robert Eckard, said in a statement that Bohm has had full access to the accounts and his parents are paying his expenses on their personal credit cards.
“Mr and Mrs Bohm love their son very much and have always acted in his best interests, both personally and professionally, and still do so to this day,” Eckard said.
Bohm hit a three-run home run in the Phillies’ season opener on Thursday, which they won 5-3. Bohm declined comment to reporters after the game, saying “I’m not going to address any personal matters right now.”
Both parties say the first of the accounts was opened in 2019. His parents told him that they assigned themselves a 10% stake, strictly for administration purposes, and that Bohm was the “true” owner of all of the LLC’s assets, Bohm‘s lawsuit said.
The accounts had various purposes, such as investing in securities or buying real estate. Bohm‘s lawsuit also said they used money from The Alec Bohm Foundation to pay their expenses.
Bohm’s lawsuit asks his parents to pay at least $3m in damages, hand over control of the accounts and hire an accountant to track every dollar they transferred from Bohm’s personal accounts to the accounts they controlled.
Bohm has a $10.2m contract with the Phillies for the 2026 season and has $19.6m in career earnings. He is due to become a free agent at the end of the season, which could open the way for an even larger contract if he plays well in 2026.
The lawsuit said his parents live in a recreational vehicle and travel the country.
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