Sunday, August 2, 2009

Lenny Dykstra: Master of the Universe

A chronological walk through Lenny Dykstra's days as a financial guru.

Video: The World According to Lenny

Link: The "Lenny Dykstra will explain his deep-in-the-money call options (now 76-0 for the year) at Investment Conference on Saturday, Oct. 25. Limited seating. Act now."

Video: Cramer praises Dykstra -- Stock Picking Genius "One of the great ones."

Video: Mike Francesa dismisses Bryant Gumbel's skepticism

GQ Article: Working for the devil ... one man's tale of working for Lenny Dykstra

ESPN Article: Dykstra's business: a bed of 'Nails'
Even members of Dykstra's family are lined up on the list of those to whom he owes money. His older brother, Brian, has yet to collect a $12,000 judgment awarded by the California Labor Relations Board. His younger brother, Kevin, alleges Dykstra cheated him out of $4 million on the sale of the family-run car washes, though Kevin hasn't filed suit.

On April 16, Terri, Dykstra's wife of more than 20 years and the mother of their three boys, filed for divorce. Through her attorney, she declined to comment for this story.

The family rift runs so deep that until recently, Dykstra had spoken to his mother only once in the past three years, according to his brothers, and wasn't allowing her any contact with his sons, her grand children.

Last month, though, on March 23, Dykstra picked up the phone and woke up his mother with a call at around 6 in the morning, according to Kevin Dykstra, his younger brother. Lenny was stranded in Cleveland. He wanted to charter a jet so he could get to a business meeting on the West Coast, and his credit cards were maxed out. He needed nearly $23,000 and asked his mother for it, Kevin says.

His mother agreed to let him use her credit card.

Video: HBO Real Sports revisits the Dykstra story in 2009

Video: CNBC after-math interview His story about dealings with someone with a speech impediment (and his bankruptcy, of course).

What I would like to know is: was the Player's Club annuity a planned Ponzi scheme? It's seems like it.


August 2009 update on Dykstra saga -- Lenny living in his car