Phillies’ Alec Bohm sues parents for millions alleging they siphoned money from his accounts | Philadelphia Phillies

Philadelphia Phillies third baseman Alec Bohm has sued his parents for millions of dollars, accusing them of siphoning large sums of his money into financial accounts they managed for him and then using some of that money to pay their own expenses.

Bohm’s lawsuit, filed Wednesday in a Philadelphia court, comes after the 29-year-old reviewed his personal and financial affairs in recent months and said 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 significant amount” of his money from those accounts “for their own use,” the lawsuit says. By the time he requested this information, his parents had already transferred millions of dollars from his personal accounts to accounts they controlled, according to the lawsuit.

They 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 attorney, said they were “deeply saddened by the allegations” and would defend themselves aggressively. Their attorney, Robert Eckard, said in a statement that Bohm had full access to the accounts and that his parents paid his expenses with their personal credit cards.

“Mr. and Mrs. Bohm love their son dearly and have always acted in his best interests, both personal and professional, and they still do today,” Eckard said.

Bohm hit a three-run homer in the Phillies’ season opener Thursday, which they won 5-3. Bohm declined to comment to reporters after the match, saying, “I’m not going to address any personal matters at this time.”

Both parties claim the first of the accounts was opened in 2019. His parents told him they had allocated themselves a 10% stake, strictly for administrative purposes, and that Bohm was the “real” owner of all of the LLC’s assets, according to Bohm’s lawsuit.

The accounts had various purposes, such as investing in securities or purchasing real estate. Bohm’s lawsuit also says they used money from the Alec Bohm Foundation to pay for their expenses.

Bohm’s lawsuit asks his parents to pay at least $3 million in damages, cede control of the accounts and hire an accountant to track every dollar transferred from Bohm’s personal accounts to accounts they controlled.

Bohm has a $10.2 million contract with the Phillies through the 2026 season and has $19.6 million in career earnings. He is set to become a free agent at the end of the season, which could pave the way for an even bigger contract if he plays well in 2026.

The lawsuit says his parents live in an RV and travel the country.