Lenny Dykstra, a former outfielder for the New York Mets and Philadelphia Phillies whose second career as a stock picker went bust, has been charged with embezzling from his bankruptcy estate.

A lawyer hired by the bankruptcy trustee estimated that Dykstra sold or destroyed more than $400,000 worth of items from his California mansion and other properties after he filed for bankruptcy in 2009, federal officials said.

Federal...