Report: Dykstra Sold Access to Jim Cramer
The Daily Beast is reporting today that Lenny Dykstra, the former New York Mets and Philadelphia Phillies star turned financial maven, offered access (at a price) to CNBC stock guru Jim Cramer and touted particular companies on his column at TheStreet.com.
The revelations come ahead of the release of a new book by Beast reporter Randall Lane entitled The Zeroes.
Lane and Dykstra, it turns out, go back a couple of years:
Lenny Dykstra called me in 2007 as randomly as he had called Cramer, and within 24 hours he hired me to produce The Players Club, a financial advice magazine for professional athletes. Dykstra introduced me to his athlete buddies, everyone from John McEnroe to Tim Brown to Keith Hernandez. But he was especially proud of his friendship with Cramer, a relationship he waved around like a magic cloak of legitimacy. He’d play me Cramer’s voicemail messages, or forward me their emails back-and-forth.
Dykstra recently filed for personal bankruptcy after a series of entrepreneurial debacles.
The New Yorker has written extensively on Dykstra’s idiosyncratic business style.