Lenny Dykstra, the Garden Grove High graduate whose hard-charging style
Lenny Dykstra
earned him the nickname “Nails” as a player for the New York Mets and Philadelphia Phillies and later reinvented himself as a Wall Street whiz, filed for Chapter 11 bankruptcy protection today in Los Angeles.
Dykstra listed $50,000 in assets against between $10 million and $50 million in debts, according to Reuters. Among his larger creditors was Laguna Beach-based Index Investors, which holds a $900,000 second mortgage on Dykstra’s Lake Sherwood (Ventura County) home. Dkystra bought the pad from hockey legend Wayne Gretzky.
“We’re not too worried about it,” said Index Investors’ Jeff Smith.
ESPN published a mesmerizing accounts of Nails’ problems HERE. And The New York Post gave him a new nickname, “Lienny,” HERE.
Did you miss these recent business stories …
- Trustee: Restaurant king has no assets
- O.C. Register workers get 5% pay cut
- Broadcom raises bid for Emulex
- Madoff got what public demanded
- Receiver: Financier kept $37 million from fund
I guess he couldn’t make it on his $150,000 per year retirement.
Wait till everyone with an income above what is, given economic realities, subsistence-level is considered “rich” and has his or her income taxed away for the “greater good.”
“Tax the rich
feed the poor
till there are no
rich no more.”
–Ten Years After, “I’d Love to Change the World,” 1971