Former Mets player pleads guilty to bankruptcy fraud

Posted on Monday, July 2nd, 2012 at 8:11 pm    

Lenny Dykstra, former outfielder for the New York Mets, has pleaded guilty to three bankruptcy fraud-related charges after prosecutors say he destroyed and lied about his assets during his 2009 filing.

Dykstra faces up to 20 years in prison for bankruptcy fraud, money laundering, and concealment of assets. In his bankruptcy filing, he claimed he owed more than $31 million and had only $50,000 in assets. He later admitted to illegally hiding, selling, or destroying more than $400,000 worth of property.

According to the Sacramento Bee, Dykstra also lied while under oath about what he did with his property. He is currently serving two sentences, one for providing a false financial statement and grand theft auto as well as indecent exposure.

If you need help understanding the bankruptcy process, contact the trusted Raleigh bankruptcy attorneys from the Bradford Law Offices, PLLC today at 919-758-8879.