Lenny Dykstra sues Chase for bad mortgages

NEW YORK (Reuters) – Lenny Dykstra filed a $100 million lawsuit against JPMorgan Chase & Co alleging he was fraudulently induced into borrowing more money than he could afford, leading to the former star baseball center fielder’s bankruptcy.

Dykstra contended that Washington Mutual Inc, now owned by JPMorgan, let him borrow $20.5 million even though it knew the sum was “well beyond” his means. He said the thrift them reneged on an assurance it would let him refinance a mortgage used to buy a mansion from hockey legend Wayne Gretzky.

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