Phillies Player Suing Parents Over Financial Disputes

Philadelphia Phillies third baseman Alec Bohm has initiated legal action against his parents, contending they mismanaged millions in family finances.

In his lawsuit, Bohm claims that his parents, Daniel and Lisa Bohm, “used various limited liability companies to siphon funds from his personal accounts for their own benefit.” In a complaint lodged on Wednesday in Philadelphia Common Pleas Court, he is pursuing at least $3 million in damages and a detailed accounting of the finances involved. The Bohms, through their attorney, have denied these accusations.

“Mr. and Mrs. Bohm deeply care for their son and have always acted in his best interest, both in public and private,” stated Robert Eckardt, the family’s lawyer. “They are truly upset by these allegations and the misleading narrative presented in this lawsuit, which they believe is entirely unfounded.”

Bohm’s lawsuit alleges that the fraudulent activity began in 2019 when his parents “established two LLCs to manage the money and assets they earned from their professional baseball careers.”

Bohm joined the Phillies in 2018 and signed a $10.2 million contract this year after arbitration with the team.

His parents claim that for them to act as authorized representatives, Bohm would need to hold a 10% stake in these LLCs, but he supposedly indicated he wanted to retain all assets and funds within them.

The complaint states that Daniel and Lisa Bohm continued to access their son’s personal financial accounts and suggests that while individual account funds would be limited, excess amounts were to be redirected to the LLC accounts.

Initially, these funds were used for stock investments aimed at generating passive income, but the lawsuit asserts that his parents diverted the investments for personal gain, even using funds from the Alec Bohm Foundation for personal expenses.

“Daniel and Lisa consistently told Alec that when they acted on his behalf, they were simply being parents, and any help was always meant to be free,” the complaint outlines.