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Alec Bohm, third baseman for the Philadelphia Phillies, filed a lawsuit against his parents Wednesday (March 26), accusing them of siphoning millions of dollars from financial accounts they managed on his behalf and using the money for their own personal expenses.
According to the Associated Press, the lawsuit was filed in the Philadelphia Court of Common Pleas, one day before Bohm and the Phillies opened their 2026 season with a 5-3 win over the Texas Rangers — a game in which Bohm hit a three-run home run in the fifth inning.
The suit claims Bohm's parents, Daniel and Lisa Bohm, set up a series of limited liability companies (LLCs) beginning in 2019 to hold his Major League Baseball (MLB) earnings. According to the filing, his parents told him they needed a 10% stake in the LLCs to act as his authorized representatives, while assuring him he remained the "true" owner of all assets.
The lawsuit says the situation came to a head in January, when Bohm asked his parents for account statements and log-in information for the accounts. His parents allegedly refused, and he claims they had already transferred millions of dollars from his personal accounts into the LLCs they controlled. The filing also alleges that money from The Alec Bohm Foundation was used to pay his parents' personal expenses.
Bohm is seeking at least $3 million in damages. He also wants a court to transfer control of the accounts back to him and require an independent accountant to track every dollar moved from his personal accounts to those controlled by his parents. According to Yahoo Sports, his parents have since indicated they were billing him for the management of his affairs at a rate of $50 per hour.
The elder Bohms denied all wrongdoing. Their attorney, Robert Eckard, issued a statement saying the couple is "deeply saddened" by the allegations and plans to fight the claims aggressively. Eckard said Alec Bohm has had full access to the accounts and that his parents have been paying his expenses on their personal credit cards.
"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," Eckard said, as reported by NBC Sports.
After Thursday's (March 26) opening-day game, Bohm declined to comment, telling reporters, "I'm not going to address any personal matters right now."
Bohm, 29, is playing on a one-year, $10.2 million contract with the Phillies for the 2026 season. The lawsuit notes that his parents live in a recreational vehicle and travel the country. The case remains pending in Philadelphia court.