Top-flight athletes are known to have huge amounts of money and are adored for what they do, but sometimes things take a dark turn when people around them start exploiting them for their own gain. The same sort of incident occurred with Phillies star Alec Bohm, who is in a legal battle with his parents, who tried to use his hard-earned millions for their own luxuries without even informing him.
According to the Daily Mail, Bohm has filed a lawsuit against his parents, who allegedly used his firm’s liabilities to funnel millions into their personal accounts. The baseball player claimed that his parents tried to freeze him out of his LLC, getting a sizeable amount of money for their own use without getting his consent. Now, the MLB star is seeking at least $ 1 million, along with interest and other costs, including penalties, in his lawsuit.
The lawsuit clearly stated, “Though Alec’s investigation into the status of his assets remains on-going and is far from complete, an initial investigation leads Alec to believe and, therefore, aver that [his parents] Daniel and Lisa misappropriated a very large sum of money from Alec, converted a sizeable amount of his earnings into accounts intended for their own use. The 29-year-old slugger is seeking at least $1 million as well as interest, penalties, costs, attorneys’ fees, and anything else the court deems appropriate”
Alec Bohm accuses parents of using financial maneuvering to exploit his earnings
Alec Bohm reported in his lawsuit that his parents set up two LLCs for their baseball star son in 2019 so they could manage his growing assets. The parents insisted that they would need a 10 per cent stake in the LLC to administer his funds. Despite having that, they still complained that their son owned all the assets, funds, and anything else. On the other hand, they even kept on claiming that whenever they acted on his behalf, they did not charge him anything.
In his complaint, Alec added that his parents also launched a charity in his name. Still, instead of using his money for charitable purposes, they used it for their own financial benefits. He declared that his parents didn’t just exploit his finances, but also launched LLCs to control his residence, and even in that, they took a ten per cent stake in it. The news of such actions from parents will hit hard to any son like a car did to an MLB announcer.
Alec added that even after all this, his parents refused to provide any of the limited documentation he sought, including electronic login information, account statements, tax documents, and other readily accessible records. The player himself stated that he had not yet gone through the full details of his initial investigation into the matter, but his parents were found to have embezzled a large sum from his earnings.
Published: Mar 27, 2026 02:00 pm