lenny dystra reportedly broke and risk losing home, but still writing for thestreet

Quote from jsv416:

I just read the article in the latest GQ mag, about Dykstra. Wow, that article will probably ruin his reputation worse that it is already.


http://men.style.com/gq/features/landing?id=content_8558

He actually calls Tiger Woods a "spearchucker"
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Pretty damn funny article. "Nails" - what a character! :p

... Lenny, it seems, does not exactly have a handle on the cash-flow aspect of running his business. I’m informed by other employees that I should deposit my paycheck as soon as I receive it, as Lenny sometimes moves money out of his accounts, and once it’s gone—well, good luck. Previous employees, I learn, have left when their paychecks never materialized; Lenny openly calls such employees “losers,”...
 
Quote from Wayne Gibbous:

Pretty damn funny article. "Nails" - what a character! :p

... Lenny, it seems, does not exactly have a handle on the cash-flow aspect of running his business. I’m informed by other employees that I should deposit my paycheck as soon as I receive it, as Lenny sometimes moves money out of his accounts, and once it’s gone—well, good luck. Previous employees, I learn, have left when their paychecks never materialized; Lenny openly calls such employees “losers,”...
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sounds like the prick should be in jail. cant believe cramer gives him credibility.
 
Quote from makloda:

Cramer on Dykstra:

nn_nos_hdr.jpg
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The picture on his site even has the hat with the Maybach logo as mentioned in the article! What a clown.
 
Meet The Team

Lenny HeadshotLenny Dykstra is the founder of Nails on the Numbers and its parent company Nails Investments. Lenny first became famous for his grit and hustle on the baseball diamond and helped lead the 1986 New York Mets to a World Series championship and the 1993 Philadelphia Phillies to a National League title. After hanging up his cleats, Lenny opened a chain of extremely successful high-end carwashes before taking on Wall Street.

"taking on" huh..
 
Quote from vhehn:

sounds like the prick should be in jail. cant believe cramer gives him credibility.
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cramer cant "give" anyone credibility, as he was exposed everywhere as a clueless clown.
cramer can only endorse stupidity
 
What a dirtbag, uses an employees CC for a private jet. LOL :p

That feeling lasts exactly three days. At about 3:30 p.m. on the Saturday before Labor Day, I receive a call from Lenny. Speaking in a voice even more slurred than usual, he says: “Hey, bro, a guy from this jet company is going to call you in a few minutes and ask for your credit card.”

“What the hell for, Lenny?”

“He’s not going to charge your card, bro. It’s just an authorization on it so I can reserve a private jet to get me to Atlanta, where I’m going to pick up half a million dollars in cash.”

This is pretty much the precise moment when things begin to go wrong—when I should’ve realized that no matter how enthralled I was with the idea of working for Nails and his high-rolling magazine, I should’ve simply said no. I ask why a supposed multimillionaire needs an employee’s credit card for his flights. He mumbles something about having “high-limit cards off the charts” that, for reasons unknown, do not allow him to make telephone authorizations.

“Lenny, I’m trusting you to do right by me. I don’t want to be stuck with these charges,” I say.

“You can trust me with your life, bro,” he replies. And then: “Don’t tell anyone about this, okay?”

On the Tuesday after Labor Day, I receive a call from the charter-jet company that my credit card has been denied for new authorizations over $22,000. I correct the man on the phone: “No, there should be only one authorization, for $13,000 or $14,000.”

“Mr. Coughlin,” he says, “Mr. Dykstra has requested another flight from Helena, Montana, to Atlanta, in the amount of $22,937.”

Lenny, it turns out, has made a personal stop in Montana, on my credit, to spend some time with his son Cutter, who plays for the Helena Brewers, a minor league affiliate of the Milwaukee Brewers. I call Lenny, who assures me that it’s only an authorization, not a charge. I remind him that using my credit card information without my permission is credit card fraud.

“Bro,” he says. “I’m going to Atlanta to pick up half a million dollars in cash. You’re going to make the easiest five grand you’ve ever made in your life.”
 
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