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Alec Bohm has found himself at the center of a disheartening controversy. The Philadelphia Phillies third baseman is suing his parents for alleged financial misconduct, The Philadelphia Inquirer reported Thursday.
In a suit filed Wednesday in the Philadelphia Court of Common Pleas, Bohm claimed his parents, Lisa and Dan Bohm, funneled money from his personal financial accounts into limited liability companies for their personal use.
Let's get into everything we know.
An Omaha, Nebraska native, Bohm played collegiately at Wichita State before the Phillies selected him third overall in the 2018 MLB Draft. The 29-year-old has played for the Phillies his entire six-year career and made his first All-Star appearance in 2024.
Bohm claims it began in 2019 with his parents starting two LLCs, and allegedly taking a 10% interest in them, to manage the money and assets he started collecting as a MLB player. Bohm's parents eventually got access to their son's personal financial accounts, the lawsuit says, and used money from there -- in addition to the Alec Bohm Foundation -- for personal expenses.
Bohm alleges his parents started two additional LLCs after he expressed interest in purchasing real estate in 2024. One of the LLCs was supposed to hold the property titles with the other owning the entities. Bohm claims his parents "overstated" the cost of certain property-related liabilities in an effort to misappropriate the funds.
Bohm demanded information from his parents in January, including details about his holdings, account statements and online login credentials. In response, Bohm's parents allegedly got a lawyer involved and didn't reveal much. They also informed Bohm of their plans to bill him for the time they spent administering his affairs at an hourly rate of $50, the lawsuit says.
At least $3 million, in addition to a court order granting Bohm full control of the LLCs and a certified public accountant to determine the amount owed to him.
This article originally appeared on For The Win: Why is Alec Bohm suing his parents? Explaining Phillies controversy
Continue reading...
In a suit filed Wednesday in the Philadelphia Court of Common Pleas, Bohm claimed his parents, Lisa and Dan Bohm, funneled money from his personal financial accounts into limited liability companies for their personal use.
Let's get into everything we know.
Who is Alec Bohm?
An Omaha, Nebraska native, Bohm played collegiately at Wichita State before the Phillies selected him third overall in the 2018 MLB Draft. The 29-year-old has played for the Phillies his entire six-year career and made his first All-Star appearance in 2024.
How did the alleged financial misconduct start?
Bohm claims it began in 2019 with his parents starting two LLCs, and allegedly taking a 10% interest in them, to manage the money and assets he started collecting as a MLB player. Bohm's parents eventually got access to their son's personal financial accounts, the lawsuit says, and used money from there -- in addition to the Alec Bohm Foundation -- for personal expenses.
Real estate drama
Bohm alleges his parents started two additional LLCs after he expressed interest in purchasing real estate in 2024. One of the LLCs was supposed to hold the property titles with the other owning the entities. Bohm claims his parents "overstated" the cost of certain property-related liabilities in an effort to misappropriate the funds.
The breaking point
Bohm demanded information from his parents in January, including details about his holdings, account statements and online login credentials. In response, Bohm's parents allegedly got a lawyer involved and didn't reveal much. They also informed Bohm of their plans to bill him for the time they spent administering his affairs at an hourly rate of $50, the lawsuit says.
What is Bohm seeking?
At least $3 million, in addition to a court order granting Bohm full control of the LLCs and a certified public accountant to determine the amount owed to him.
This article originally appeared on For The Win: Why is Alec Bohm suing his parents? Explaining Phillies controversy
Continue reading...
