Jim Cramer

If there’s one thing Jim Cramer taught Lenny Dysktra, it’s the value of a good endorsement for a good pal. Several years back Cramer spoke highly of Nails’ investing skills, telling HBO that the former ballplayer didn’t just have a knack for money managing but that he was “one of the greats” in this business. In the ensuing years, Dykstra got thrown out of his house, caught defecating on the floor, had his private planes repossessed, lived in a car and was accused of bouncing a check to a stripper but now he’s doing great, possibly thanks to Jim. In an effort to pay it forward, Dykstra is doing the same for his best bud, Charlie Sheen. Nails told reporters over the weekend that Sheen is “perfect,” among other things. Read more »

When we last checked in with Lenny Dykstra, things seem to be on the up and up for the former baseball player-cum-Jim Cramer endorsed money manager. He claimed to “be back,” spiritually and financially-speaking, on account of his new “mortgage forensic research firm,” known as Predatory Lending Recovery, LLC, which despite not yet having any clients and only one testimonial, Len said is a billion dollar business. He described himself as “a lightning rod for money.” And he suggested he was still in possession of the thing the matters most to him in life, his private jet. Then, this happened:

Former pro baseball player Lenny Dykstra’s housekeeper has accused him of sexual assault, according to records…the female housekeeper alleged Dykstra would force her to give him oral sex on Saturdays.

No stranger to sexually harassing members of his staff (in 1999 Dykstra was arrested for that sort of thing with a 17-year-old female who worked at his car wash), we wondered if this news would threaten Nails’ comeback, and if it was a harbinger of worse things to come. However, prosecutors have apparently decided not to file charges, “because of an apparent lack of evidence that the activity was forced.” Here’s what LD had to say about the matter: Read more »

Brother from another mother Jim Cramer would surely say no but one woman begs to differ. Read more »

Cramer favors Jockey, 100% cotton (Erin thinks he should try a blend), while Uncle Jim suggests his colleague give Saran Wrap a shot. Read more »

  • 06 Aug 2010 at 4:20 PM

Lenny Dykstra Defends Track Record

This interview is mostly unintelligible on LD’s end but: “Go to the website– Nails Investments– and it says 160 wins, zero losses. You can’t say that unless it’s true. Otherwise they’ll put you in jail.” Also: “Yeah we have clients but we lost them all.” Plus: “Jim Cramer is the only one that’s been right.” And: “You mess with the Nails, you get the hammer.” Read more »

Go with me on this. Read more »

You might not have known it at the time, but in March 2008, circa the same month Jim Cramer called him the greatest mind on Wall Street, Lenny Dykstra was going through some money trubs. This was just prior to Dykstra putting his beloved Thousand Oaks home on the market, at a selling price that indicated he believed it possible to see a 33% return on the place, after having bought it from Wayne Gretzky for $18.5 million in August 2007 and owning it for ten months. As you are probably aware, despite LD’s streak of crazy spot on the money calls, this one did not pan out as he’d predicted, and the home was foreclosed on, though not before Nails ripped out the bathroom fixtures, left “unfit to print” items on the walls and floor (knowing Dykstra, one must assume feces), and blamed the whole thing on JPMorgan née WaMu. This was also prior to the former car wash king of California being forced to live out of his car and auction off phone calls with himself on Craigslist. But we’re getting ahead of ourselves.

In March 2008, our boy, likely due to the brain damage inflicted by seeing how far he could push a Twizzler into his ear and not stopping when he felt resistance, just thought he need a little cash. Two-hundred and fifty thousand would probably do the trick, and as luck would have it, someone was offering him that exact amount!

In the late winter of 2008, an entrepreneur named Richard O’Connor, who had become Dykstra’s favored adviser, introduced him to Shannon Illingworth, the founder of a publicly traded company called Automated Vending Technologies, or AVT, and the two quickly cut a deal. O’Connor told me that on March 25, 2008, Illingworth gave Dykstra roughly $250,000 worth of AVT stock in exchange for plugging the company on Cramer’s website, TheStreet.com, and promising to provide a personal introduction to Cramer. O’Connor claims that Dykstra told him he knew the pay-to-plug arrangement was illegal. To avoid getting caught, O’Connor says, the former All-Star baseball player had a solution: “We can just put the stock in Keith’s name,” referring to his brother-in-law, Keith Peel.

Read more »