Jim Cramer Ensnared in Dykstra Stock Picking Scandal

Before you go, we thought you'd like these...
Before you go close icon
Jim Cramer, host of CNBC's Mad Money, has allegedly been ensnared in a scandal involving Lenny Dykstra, former Mets leadoff hitter and one-time Cramer protegee, The New York Post reported.

A new book by Randall Lane called "The Zeroes: My Misadventures in the Decade Wall Street Went Insane" alleges that Dykstra took payment from vending company AVT, Inc. to promote the company's shares on a newsletter published on Cramer's website The Street.

AVT founder Shannon Illingworth denies making any illegal arrangement with Dykstra. A spokesman for Cramer told the post that Cramer had not read the book but that "the author clearly concludes that I knew nothing about the issue."

Dykstra filed for bankruptcy in July 2009.
Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading