LOS ANGELES (AP)—Former New York Mets and Philadelphia Phillies outfielder Lenny Dykstra was arrested for investigation of grand theft, a day after he was charged with a federal bankruptcy crime, authorities said Friday.
Dykstra, 48, was arrested Thursday night by Los Angeles police at his Encino home on suspicion of trying to buy a stolen car, police spokesman Officer Christopher No said. He did not have other details.
Dykstra remained jailed Friday.
His arrest came a day after Dykstra, in an unrelated federal complaint, was charged with embezzling from a bankruptcy estate. He faces up to five years in federal prison if convicted.
If you want a good laugh and know basic portfolio theory, risk management, CAPM/BOPM, and knowledge of the derivatives markets, check out when he used to do Lenny's Numbers or something. He thought he could make it as a market/options analyst. He failed. Miserably. The strategy he used? No risk analysis, no market theory or anything. He just used the famous blackjack/roulette Martingale betting strategy. No, im not ****ing joking. He lost quite a bit of peoples money from that.