‘Friday’ star Tommy Lister reveals I committed three point million dollar mortgage fraud. Tiny” Lister, who is best known as Deebo from the series did agreed to plead guilty in a federal court for his part in conspiring to commit mortgage fraud which led to lenders losing their money.
The plea agreement states, which was obtained by TMZ, Lister had come up with a scheme which he along with other persons conspired to obtain four different mortgages on homes in Los Angeles using false information and bogus bank statements.
What Lister has committed to is he collected five point seven million dollars and then defaulted which then cost the lenders two point six million dollars.
He goes on to admit that he withdrew one point one million dollars in loans using the properties as collateral which he never did pay back. Lister could face five years in federal prison. He is due in court in September.