Philadelphia Phillies third baseman Alec Bohm is suing his parents over allegations they defrauded him out of million of dollars while managing his finances, according to Nick Vadala of the Philadelphia Inquirer.
The lawsuit was reportedly filed on Wednesday in the Philadelphia Court of Common Pleas, one day before Bohm and the Phillies began their season with a 5-3 win over the Texas Rangers. Bohm went 1-for-3 with a homer and a walk.
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In the lawsuit, Bohm reportedly alleges his parents, Daniel and Lisa Bohm, used a series of limited liability companies (LLCs) to funnel money out of his personal accounts, which they then “converted to their own use.” Bohm is reportedly seeking a judgment of at least $3 million and, among other relief, an accounting of the funds in question.
The elder Bohms denied the allegations through their attorney, via the Inquirer:
“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.”
Bohm originally joined the Phillies as the third overall pick of the 2018 MLB Draft, signing for a bonus of $5.85 million. Per Spotrac, he has made a total of $19.6 million in his career and will be due another $10.2 million in 2026.
It was 2019, the year after Bohm was drafted, when he claims his parents set up two LLCs to hold his MLB earnings. They allegedly told him they needed to take a 10% interest in the LLCs in order to act as his authorized representatives, but all of the money would still be his. They then allegedly gained access to his personal accounts and limited the money in there, diverting it to the LLCs and using it to pay their own expenses.
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The lawsuit reportedly says the situation came to a head in January, when Bohm asked his parents to provide him information about his holdings, including account statements and log-in information. His parents allegedly responded by lawyering up.
Allegedly, they have since indicated they were billing Bohm for the management of his affairs at the rate of $50 per hour. Per Nebraska Public Media, they previously owned a title insurance business.
They are still listed as directors of The Alex Bohm Foundation on its website, alongside their son.
Bohm has had an up-and-down career with the Phillies since his MLB debut in 2020, but is a pending free agent and could see a lucrative deal after 2026 if he performs well. He currently stands to be one of the top third basemen on the market.