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Philadelphia Phillies third baseman Alec Bohm filed a lawsuit against his parents, saying they took millions of dollars from financial accounts they managed for him and used it for their own expenses.
The lawsuit, filed Wednesday in the Philadelphia Court of Common Pleas and obtained by USA TODAY Sports, accuses the parents, Daniel and Lisa Bohm, of using limited liability companies to "freeze" him out of accounts and then using the money for their own personal expenses.
Bohm, a resident of Florida, says in the lawsuit that he wanted to get a handle on his accounts, but it was too late, as millions of dollars had already been transferred to the accounts the parents controlled.
Bohm is seeking a $3 million judgment and says his parents did not want to give him access to the accounts. The 29-year-old Bohm is also seeking control of the accounts and requiring the parents, who currently "reside in a recreational vehicle and travel the country," to hire a certified public accountant to determine where the money went.
“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 said. "To add insult to injury, Daniel’s and Lisa’s counsel also indicated that his clients began to prepare an accounting of all the time they spent to administer Alec’s affairs and intended to submit an invoice for payment, adding that fifty dollars ($50) per hour constituted fair compensation for their services."
The parents' attorney, Robert Eckard, said that the Bohms will aggressively defend themselves.
"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. “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, who signed a one-year, $10.2 million contract with Philadelphia before the season, refused to discuss the lawsuit with reporters, saying, "I'm not going to address any personal matters right now."
This article originally appeared on USA TODAY: Phillies third baseman Alec Bohm sues parents over financial mismanagement
Continue reading...
The lawsuit, filed Wednesday in the Philadelphia Court of Common Pleas and obtained by USA TODAY Sports, accuses the parents, Daniel and Lisa Bohm, of using limited liability companies to "freeze" him out of accounts and then using the money for their own personal expenses.
Bohm, a resident of Florida, says in the lawsuit that he wanted to get a handle on his accounts, but it was too late, as millions of dollars had already been transferred to the accounts the parents controlled.
Bohm is seeking a $3 million judgment and says his parents did not want to give him access to the accounts. The 29-year-old Bohm is also seeking control of the accounts and requiring the parents, who currently "reside in a recreational vehicle and travel the country," to hire a certified public accountant to determine where the money went.
“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 said. "To add insult to injury, Daniel’s and Lisa’s counsel also indicated that his clients began to prepare an accounting of all the time they spent to administer Alec’s affairs and intended to submit an invoice for payment, adding that fifty dollars ($50) per hour constituted fair compensation for their services."
The parents' attorney, Robert Eckard, said that the Bohms will aggressively defend themselves.
"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. “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, who signed a one-year, $10.2 million contract with Philadelphia before the season, refused to discuss the lawsuit with reporters, saying, "I'm not going to address any personal matters right now."
This article originally appeared on USA TODAY: Phillies third baseman Alec Bohm sues parents over financial mismanagement
Continue reading...
