Alec Bohm Sues Parents: A Multi-Million Dollar Financial Dispute
Philadelphia Phillies third baseman Alec Bohm has filed a lawsuit against his parents, Daniel and Lisa Bohm, alleging they defrauded him of millions of dollars under the guise of managing his financial affairs. The lawsuit, filed Wednesday in the Philadelphia Court of Common Pleas, paints a picture of a complex scheme involving limited liability companies (LLCs) and alleged misappropriation of funds.
The Allegations: A Web of LLCs and Misappropriated Funds
According to the lawsuit, Bohm’s parents established several LLCs beginning in 2019 to manage the financial assets he earned as a professional baseball player. Bohm claims his parents initially told him they needed a 10% interest in these LLCs to act as authorized representatives, assuring him he would retain all assets and funds. However, the suit alleges they subsequently gained access to his personal financial accounts, transferring funds to the LLCs and then allegedly using those funds for their own personal expenses, including covering costs through the Alec Bohm Foundation.
The lawsuit further details how, in late 2024, two more LLCs were created when Bohm expressed interest in purchasing real estate. His parents allegedly advised him he couldn’t take title to the property in his own name, leading to a convoluted ownership structure. Bohm now believes his parents overstated property-related liabilities to misappropriate funds.
The Parents’ Response: Denials and Sadness
Robert Eckard, the attorney representing Daniel and Lisa Bohm, vehemently denies the allegations. He stated, “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. 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.”
The Financial Stakes and Bohm’s Demands
Bohm is seeking a judgment of at least $3 million, along with a full accounting of the funds in question. He also requests the court grant him full control of all LLCs involved and order his parents to hire a certified public accountant to determine the extent of the damages. The Phillies star, who signed a $10.2 million contract via arbitration this year, alleges his parents attempted to bill him $50 per hour for their administrative services after he requested information about his holdings.
Ongoing Investigation and Privacy Concerns
Bohm’s legal team, led by Gary A. DeVito, is conducting a thorough examination of the financial activity. “What we can confirm is that we are conducting a thorough examination of the financial activity in question and will take all appropriate legal steps to protect our client’s interest,” DeVito stated. They have requested privacy for Bohm while the matter proceeds. This case highlights the importance of financial literacy and careful oversight, even for high-earning professional athletes. You can find more information about protecting your assets at the Investor.gov website.
This is a developing story, and further updates will be provided as they become available.
