Alec Bohm has filed a lawsuit against his parents, Daniel and Lisa Bohm, alleging significant financial mismanagement that has led him to seek $3 million in damages. The lawsuit, filed in Philadelphia County, accuses his parents of misappropriating funds while managing LLCs created to hold assets from his baseball career.
Since being drafted third overall by the Philadelphia Phillies in 2018, Bohm has earned over $14 million in MLB career earnings, including a $5.85 million signing bonus. His parents have acted as his primary financial advisors since that time, creating two LLCs to manage his finances.
According to the lawsuit, Bohm’s parents allegedly transferred money from his financial accounts into these LLCs and misused funds from The Alec Bohm Foundation for personal expenses. This has raised serious concerns about the integrity of his financial management.
In response to the allegations, Bohm’s parents have denied any wrongdoing, asserting that they have always acted in their son’s best interests. Robert Eckard, their attorney, stated, “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.”
Gary DeVito, Bohm’s legal representative, confirmed that they are conducting a thorough examination of the financial activity in question and will take all appropriate legal steps to protect their client’s interests.
As the situation unfolds, it remains unclear how much money is left in the disputed accounts. Details remain unconfirmed regarding the specific transactions and the outcome of any investigation into the foundation’s funds.
Bohm has a contract worth $10.2 million for the 2026 season, which adds another layer of complexity to this legal battle. The outcome of this lawsuit could have significant implications for his financial future and relationship with his family.
While Bohm has chosen not to comment on personal matters, stating, “I’m not going to address any personal matters right now,” the stakes are undeniably high as this case progresses.
