Alec Bohm is suing his parents over their alleged misuse of his money, the Philadelphia Inquirer first reported on Thursday.
The Phillies third baseman alleges that his parents, Daniel and Lisa Bohm, “defrauded him of millions of dollars under the guise of managing his financial affairs,” using limited liability companies to funnel the star’s money for their own use.
Bohm’s parents have denied any wrongdoing.
What the lawsuit alleges
The lawsuit, filed Wednesday in Philadelphia Court of Common Pleas, claims Bohm’s parents used “several” limited liability companies to funnel money from Bohm’s personal accounts for their own usage, according to the Philadelphia Inquirer.
Daniel and Lisa Bohm said through their attorney that they “love their son very much” and have always acted in his best interests.
“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.”
That’s from their attorney, Robert Eckard.
The alleged financial mismanagement began in 2019, one year after Bohm signed with Philadelphia. That’s when his parents set up two LLCs to hold the money and assets he earned as a professional baseball player.
Bohm alleges his parents told him they “needed to take a 10% interest in those LLCs on paper in order to act as authorized representatives of his interests, but he would retain all the assets and funds they contained.” His parents then allegedly gained access to their son’s personal financial accounts, limiting the amount of money in Bohm’s personal accounts and transferring the rest to accounts held by the LLCs.
From there, Bohm’s parents allegedly used the money for “traditional investment purposes” like stock trading, but also allegedly converted an “undetermined amount of money,” including money from the Alec Bohm Foundation, to “pay their own personal expenses.”
“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,” the lawsuit says.
Bohm reportedly hadn’t viewed the full operating agreements for the LLCs, thinking they only allowed his parents to “start managing his financial affairs.”
The real estate situation
In 2024, when Bohm became interested in purchasing real estate, his parents set up two more LLCs “under similar circumstances.” They told their son he “could not take title to the property in his own name,” but didn’t explain why.
After Bohm purchased the property, his parents “periodically mentioned the cost of certain property-related liabilities.” The Phillies star now believes this is because his parents had “overstated certain liabilities in order to misappropriate a portion of monies.”
The lawsuit states that in January 2026, Bohm asked his parents to provide him with account statements and electronic login information. They opted to “engage counsel” and later allegedly suggested they would bill their son at $50 per hour for “all the time they spent to administer Alec’s affairs.”
It’s hard to imagine how that conversation went.
What Bohm’s seeking
Bohm’s lawsuit is seeking a judgment of at least $3 million, along with “an accounting of the funds in question, among other relief,” a return of “any money [his parents] used for their own purposes,” and “a sum certain to Alec to make Alec whole.”
Additionally, Bohm wants full control of the LLCs involved in the alleged mismanagement, and for his parents to hire a certified public accountant.
In a statement, Bohm’s attorney told the Philadelphia Inquirer that his legal team was conducting a “thorough” examination of the financial situation.
“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. We ask that his privacy be respected while this matter proceeds.”
Signs of trouble
According to The Athletic, Daniel and Lisa Bohm were a “frequent presence” in Alec’s early career with the Phillies, including on road trips.
But there were “signs of a falling out between Bohm and his parents as early as last season,” as they weren’t around the team as often.
The lawsuit states that Daniel and Lisa Bohm have been Alec’s primary financial advisors since 2018, when his professional baseball career began.
After hitting a home run in Philadelphia’s 2026 Opening Day win, Bohm declined to speak about the lawsuit on Thursday.
“I’m not going to address any personal matters right now,” Bohm said.
Alec Bohm declined to discuss his reported lawsuit against his parents.
(Via @TimKellySports) pic.twitter.com/upB75G7sMT
— OnPattison (@OnPattison) March 26, 2026
The money involved
Bohm is 29 years old and entering his seventh MLB season, all with the Phillies. He’s currently playing on a one-year arbitration contract worth $10.2 million, per Spotrac.
Over his MLB career so far, Bohm has made a total of $19.6 million. His official net worth isn’t known, but some 2025 reports indicated a net worth of around $8-9 million.
Bohm is scheduled to become an unrestricted free agent at the end of the 2026 season, which means he’s likely looking at a much larger payday soon. That makes the timing of this lawsuit particularly significant – he’ll want his financial house in order before negotiating what could be the biggest contract of his career.
The whole situation highlights how professional athletes, especially young ones, can be vulnerable to financial exploitation even from those closest to them. What makes this case particularly difficult is that it involves family, where the lines between trust and business can get blurred.
