Nails Is Back
On the rebound after hitting rock bottom, former Met and Phillie favorite Lenny Dykstra is back in the investing game. Jane Wells at CNBC has it:
I’m not sure where he’s living, but Lenny Dykstra is back in the investing game. The baseball great who filed for bankruptcy last year and lost both of his homes now has a Web site called Nails Investments.
“Each week we provide our subscribers with Key Option plays designed to make $1000 or more,” the Web site says. For fees ranging from $89 a month (The Single) to $899 a year (The Homerun), you can have access to Dykstra’s forecasts. The Homerun also gives you access to a monthly live conference call—”Speak with and Ask Lenny Questions”—and an autographed baseball.
For $20, he should work on a wad of tobacco for a half hour and broadcast it via web cam. Clients would start lining up around the block. That’s the Nails we all grew to love.
However, before you whip out the wallet, realize that Lenny has been accused of fraud by his two brothers and his mother, as well as his former employees. ESPN’s Mike Fish reported that Nails is the subject of “at least 24 legal actions”. All of them are outrageous and almost unbelievable until you realize that it’s Lenny Dykstra. Fish describes one of the stranger lawsuits:
He’s even been sued by a die-hard Mets fan who was the best man at his wedding 20-some years ago, though that New York investor claims there is no bad blood.
The post-baseball investor Nails is almost as compelling as the hustling outfielder of the mid-1980’s and ’90’s. It’s a slowly-developing train wreck.