Whatever happened to the old Lenny Dykstra- the one that Mets and Phillies fans adored? Not the one that can’t stop getting sued.
Over the past few years, the con artist formally known as nails traded in his cleats and baseball bat for $25K watches and private jets.
Long after his retirement from professional baseball and shortly before the stock market took a nosedive, Dykstra began making serious money as an investor. And this isn’t pocket change we’re talking about. At his financial peak, some say his net worth hovered around $60 million.
Mad Money host and former hedge fund manager Jim Cramer even praised Nails and coined him the “Stock Guru.”
Dykstra developed quite the reputation as an investment master/high roller, being photographed in front of his $18.5 million mansion with a Rolls Royce Phantom in the driveway.
Then the bottom fell out on ol’ Nails. His biggest venture, The Players Club, a magazine geared toward ultra-wealthy professional athletes, folded in less than a year.
Apparently he sunk a ton of money into the magazine and developed a bad habit of not paying his debts in the process. Now, Dykstra owes everyone from his business partners to his mother money. (He charged a $23,000 chartered flight on his mother‘s credit card and never paid her back)
That doesn’t sound like good money management to me. But if you have money to burn you can subscribe to Dykstra’s new company Nails On The Numbers. For only $1,000 a year, you can get “expert advice” from a man who’s been sued 24 times in less than two years.
Just don’t lend him and money.
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