Lenny Dykstra was a star for the Philadelphia Phillies and New York Mets in his heyday during the 1980s and 1990s and was known as a savvy investor. He reportedly earned over 36.5 million during his baseball career.
Unfortunately, his reputation for the latter took a severe hit when he filed for bankruptcy in 2009. His petition listed assets of $24.6 million and debts of $37.1 million.
He listed two residences in his petition, including an $18.5 miilion home in Lake Sherwood Estates in Los Angeles, and another in Westlake Village with an estimated value of $5.4 million. According to bankruptcy rules, he could not divest or sell these homes.
After filing, US prosecutors claim that Dykstra sold or destroyed over $400,000 worth of furnishings and fixtures from the Lake Sherwood Estates mansion. They claim he sold many items for cash at a Los Angeles consignment store and ripped out granite and a $50,000 sink from the house and installed it in an office he had set up.
Dkkstra, age 48, has been charged with embezzlement and other undisclosed charges He faces up to 5 years in prison if convicted of bankruptcy fraud, a federal offense.