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'Friday' Star Tommy Lister

I Committed

$3.8 MIL Mortgage Fraud

8/31/2012 1:52 PM PDT BY TMZ STAFF
EXCLUSIVE

0830_tommy_lister_article_gettyTommy "Tiny" Lister -- best known as Deebo from "Friday" -- has agreed today to plead GUILTY in federal court for conspiring to commit mortgage fraud, which led to $3.8 MILLION in losses for unsuspecting lenders.

According to the plea agreement -- obtained by TMZ -- Lister admitted to a diabolical scheme in which he and several individuals conspired to obtain four different mortgages on homes in L.A. using false information and bogus bank statements.

Lister admitted he and his co-conspirators collected mortgages worth $5.7 million -- and defaulted on all four ... costing the lenders $2.6 million.

He also admitted to withdrawing over $1.1 million in loans using the properties as collateral ... which he never paid back. All-in-all Lister has admitted swindling banks out of $3.8 million. 

Lister now faces up to 5 years in federal prison. He's due in court in September.

82 COMMENTS

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31.

the artist formerly known as hand turkey    

What does that break out to in Lindsay years? Like, 28 days?

748 days ago
32.

I am Spartacus    

Zeus is about to become the Human "A** Pounding" Machine.

748 days ago
33.

mebrat24    

and he will do what----------- 3 years
and you wonder why white collar crime is up.

748 days ago
34.

buzz kill    

To bad he didn't think to spend some of that money and get himself some teeth.

748 days ago
35.

Truth    

SAY HI TO OJ. ...OR WESLEY SNIPES DEPENDING ON THE BIG HOUSE DUDE GETS SENT TO... #TRUTH!!

748 days ago
36.

v1cious    

Deebo pulled a "Deebo".

748 days ago
37.

David    

Send him to a place where he can never come back to a civilized society. I've seen dogs asses with better looks than this ugly sucker.

748 days ago
38.

belmarjerzy    

Good for him! **** the banks!!

748 days ago
39.

craig    

YOU GOT KNOCKED THE FFFUQ OUT!!!!!

748 days ago
40.

RADencker    

Well, so much for Ice Cube being able to bring everyone back for Friday 4... And all this time i thought it would be Chris Tucker that would be the difficult one to get... it wont be the same with out Deebo...

748 days ago
41.

hotbitch    

I'm just mad this fool could potentially screw up Friday 4.

748 days ago
42.

Joao    

5 years for stealing millions... and 10 years for cocaine sales... You have to love this country's judicial system. So he spends a couple years in prison and come back to a nice tidy stash--now being laundry

748 days ago
43.

I'm A LAWYER    

He needs the Lohan Defense DENY DENY DENY he's a celebrity in LA,,, charges will be dropped

748 days ago
44.

Phishie from Philly    

I guess he's not as dumb as he looks, or is he.
..
Phishie from Philly

748 days ago
45.

Phishie from Philly    

You got knocked the F**K out!
..
Phishie from Philly

748 days ago
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