Lenny Dykstra is investing again

Freed from prison, the former baseball star has launched a new investment website.

By MSN Money Partner Jul 31, 2014 2:07PM
Credit: © Pat Sullivan/AP
Caption: File photo of Philadelphia Phillies' Lenny Dykstra in 1998
By Rob Wile, Business Insider

Former New York Mets and Philadelphia Phillies star Lenny Dykstra (pictured) has launched a new investment website, a year after being released from jail on fraud charges.

Josh Brown pointed us to the site, NailsInvestments.com


In its "About" section, Dykstra claims he sold a set of car wash businesses for $50 million and touts the success of his newsletter, "Nails on the Numbers," which was previously published on TheStreet.com.


He does not mention his conviction but notes he is not a registered financial advisor. 


He says Nails Investments will be focused on "Deep in the Money Calls," which he describes as "option trading strategies for investors."


In 2012, Dykstra plead guilty to felony bankruptcy fraud, concealment of assets and money laundering. He served 6.5 months in a California penitentiary. 


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9Comments
Jul 31, 2014 3:30PM
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His news letter was published on TheStreet.com. Do we know any other scammers related to TheStreet.com????
Jul 31, 2014 4:07PM
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6 1/2 months for what he did?!  That's ridiculous, it's barely even a slap on the wrist.  It's certainly no deterrent for this weasel to go out there and do it all over again.
Jul 31, 2014 5:07PM
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Dykstra's lesson........Don't lie, cheat or steal the government hates competition.
Jul 31, 2014 4:30PM
Jul 31, 2014 2:31PM
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Lenny is investing in Cocaine haha!
Jul 31, 2014 3:48PM
Jul 31, 2014 5:54PM
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Can't help but think this guy is well on his way to being the next Art Schleister.  What's the over/under on his next trip to federal prison?
Jul 31, 2014 6:12PM
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Fall Dow, Fall Dow, I am tired to see such a Rigged Stock Racket
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