They say that’s the only way Dykstra* will learn that in our society, you can’t rip toilets and other bathroom fixtures out of the floors of foreclosed houses and sell them to a pawn shops, or bounce checks to hookers, or drop trou for the cleaning staff just because you feel like it. Read more »
It’s Going To Be Quite Some Time Before Legendary Investor Lenny Dykstra’s Lips Taste Sweet Freedom, Twizzlers Purchased Outside The Confines Of A Prison CanteenBy Bess Levin
Former New York Mets star and financial guru Lenny Dykstra was sentenced to three years in state prison on Monday, after a judge rejected a last-ditch effort to change his no contest plea and fight the charges. He had pleaded no contest to grand theft auto and filing a false financial statement in connection with a scheme to use somebody else’s paperwork to steal or lease several new cars, according to court records…In delivering the sentence, L.A. County Superior Court Judge Cynthia Ulfig said the effort to steal cars showed “sophistication, planning.” Her sentence came after Dykstra’s lawyer unsuccessfully urged the court to withdraw the no contest plea. But Ulfig said Dykstra was given ample due process and he had numerous opportunities to show evidence that he was innocent. After she rejected the plea withdrawal, Dykstra addressed the court, making a rambling and repetitive speech requesting leniency. ”Did I do something I’m not proud of? Yes,” Dykstra said. “Am I a criminal? No.” [LA Times, earlier]
Dykstra, in an exclusive statement to the Daily News, says that at no point had he agreed to participate in [previously announced fight versus Jose Canseco], and that Dan Herman, 26, of Chester County, whom he calls “A starf—er,” booked the fight without his consent and made up quotes in the press, including the Daily News, that Dykstra hated Canseco. Dykstra says that he doesn’t even know Canseco and has no beef with him. “I never agreed to anything,” the embattled Dykstra told us yesterday in an email. “Damon Feldman and Alki David continued to use my name to sell tickets and promote their event up until the last minute. They showed up at my door unexpected, I didn’t even know who they were,” Dykstra explained. He then showed Feldman and David an angry email he sent to Herman Wednesday night, chewing out Herman for booking the fight without his permission. By phone yesterday, Dykstra denied that Herman was ever his business manager. “If he’s my business manager, I’m a f—in’ ballerina,” he told us. [Philly, earlier]
Lenny Dykstra Didn’t Feel The Need To Reveal His Intelligence, Market Savvy In The Most Obvious WaysBy Bess Levin
When Lenny Dykstra began a downward spiral several years ago, in which he went from having several million in the bank and buying Wayne Gretzky’s house to ripping bathroom fixtures out of the place and selling them at a pawn shop before meeting up with hookers to whom he bounced checks, a man named Jim Cramer took a lot of flack for a comment he’d made about LD in March 2008. Cramer told Bob Costas that of all the people Cramer knew (when he ran a hedge fund, before he got into TV), Dykstra ranked as “one of the greats” in the investing industry. Cramer seemed to stand alone in his comment– especially after Nails started shitting on the floor of his foreclosed house, prompting creditors to file a restraining order– which seemed to rival the one he’d made the same month about Bear Stearns being more than “fine.” Then today, buried in a retrospective on the life and times of Leonard K. Dykstra, who currently sits in a tiny jail cell, vindication. Read more »
Two huge wins for Jim Cramer-endorsed investor Lenny Dykstra today. Read more »
Geoffrey Raymond, Wall Street’s artist in-residence, has completed his latest: “Dykstra, Nailed.” Read more »
As you may have heard, early this morning, Lenny Dykstra decided to bare his soul to, and lay some truth on the asses of, “the people of the great city of New York.” The last couple years have been a bit of a whirlwind for LD, culminating in his being arrested and indicted on charges of bankruptcy fraud for ripping the toilets out of his foreclosed on house, which was precipitated by, among other things, filing for Chapter 11, living out of his car and bouncing a check to a hooker. But there are other things you don’t know. Things you probably can’t even imagine. Things you probably think are made up but that LD promises are not. Like that he has hundreds of millions in assets. Like that prison wardens tortured him. Like that he didn’t steal that car. Like that he didn’t get this way overnight. Why is he telling this story now? Because God came to him in the middle of the night and commanded him to do so. If you’re ready to listen, Lenny- whose story has undeniable parallels to that of Christ- is ready to talk.
I address the people of the great City of New York:
You need to buckle your seat belts, because what you are about to read could not be made up. What I have somehow lived through the past 2½ years, and continue to live through now, makes me fully understand that God would never make someone endure what I have endured unless there was a reason for it.
The last several years have not been the greatest in the life and times of Jim Cramer-endorsed investor Lenny K. Dykstra. The bumps are too numerous to mention in full but include: falling on money troubles so serious that he was no longer able to fly private, having his beloved mansion foreclosed on, leaving the place “pockmarked with torn up flooring, missing toilets and holes in the walls,” filing for Chapter 11 bankruptcy, living in his car, suing JPMorgan for “predatory lending practices,” dropping his suit against JPMorgan, invoking the ire of a hooker to whom he wrote a bad check, and being indicted on bankruptcy fraud and obstruction of justice charges. The latest setback, which could result in 80 years behind bars for LD, was pretty tough to take, as it will presumably make the timeline for his “comeback” a bit longer (although LD, bless his heart, says that not only is he “back” but that he’s worth hundreds of millions of dollars, at this moment in time). Rather than wallow in sadness, however, we decided to pull ourselves (and yourselves and LD) out of this emotional hole by celebrating the life of Nails. In portrait form. Read more »
Last month, legendary investor Lenny Dykstra was charged with bankruptcy fraud and obstruction of justice. On Friday, he was indicted by a federal grand jury, which took issue with Nails loading $400,000 worth of stuff from his foreclosed house (purchased from Wayne Gretzky in 2007) into a truck, when it should have gone to creditors, and then proceeding to lie under oath about helping himself to said items. Read more »
CNBC reports that Lenny Dykstra’s Sherwood mansion, which he bought from Wayne Gretzky in 2007 and was thrown out of 2008, has been sold to an unnamed buyer for an undisclosed amount (it was sold by Index Investors, the second lienholder, which bought the place out of foreclosure last fall). At this time we’d like to take a walk down memory lane, stopping to remember the high points of Lenny’s history with the manse, which will hopefully be preserved when whoever bought the place does the right thing and turns it into a Dykstra museum. Read more »
Lenny Dykstra Scoffs At Accusations He Sexually Assaulted His Housekeeper, Maintains Good Luck StreakBy Bess Levin
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 »