Phillies third baseman Alec Bohm is suing his parents, alleging they defrauded him of millions of dollars by mismanaging his financial affairs.
Bohm states in the lawsuit that his parents, Daniel and Lisa Bohm, used several limited liability companies to funnel money from his personal financial accounts, which they then “converted to their own use.” The lawsuit, filed in the Philadelphia Court of Common Pleas, seeks a judgment of at least $3 million and an accounting of the funds.
Bohm’s parents deny any wrongdoing through their attorney.
“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,” said Robert Eckard, the pair’s attorney. “They are deeply saddened by the allegations made against them in this lawsuit and the sensational false narrative painted here, which they believe are entirely without merit.”
Details of the Alleged Financial Mismanagement
According to the lawsuit, the situation began in 2019 when Bohm’s parents established two LLCs to manage his earnings as a professional baseball player.
Bohm alleges that his parents stated they needed a 10% interest in these LLCs on paper to act as authorised representatives, but he would retain all the assets and funds. The lawsuit claims Daniel and Lisa Bohm then gained access to their son’s personal financial accounts, limiting the funds available and transferring the rest to the LLC accounts.
The lawsuit further alleges that the money in these accounts was ostensibly used for “traditional investment purposes,” such as stock trading, to secure Bohm passive income. However, Bohm’s parents allegedly “converted to their own use” an undetermined amount of money from the accounts, and used money from the Alec Bohm Foundation to “pay their own personal expenses.”
The lawsuit states, “Daniel and Lisa repeatedly advised Alec that, whenever they acted on his behalf, they did so as Alec’s parents — whose assistance always came free of charge.” Bohm claims he had not viewed the full operating agreements for the LLCs and believed they only enabled his parents to “start managing his financial affairs.”
Real Estate Interests and Further LLCs
The complaint alleges that the elder Bohms set up two more LLCs under similar circumstances when their son became interested in purchasing real estate in late 2024.
One LLC was intended to hold the title to a property Bohm was interested in purchasing, while the other was meant to own that entity. Bohm’s parents allegedly advised him that he “could not take title to the property in his own name,” without explaining why.
Bohm’s Contract and Initial Signing
- Bohm initially signed with the Phillies in 2018.
- He currently has a $10.2 million contract via arbitration with the team this year.
- The Nebraska-born Bohm is 29 years old.
The lawsuit seeks a judgment of at least $3 million, as well as an accounting of the funds in question, among other relief.