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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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46.

coolguycriss    

looks like hes not being in the new ''friday'' movie

698 days ago
47.

Chase    

Awwww, BOO-FU*IN-HOO!! Sounds like the banks are just "Polly Pri$$y Pants" and pi$$ed off he beat them at their own game.

698 days ago
48.

Ian    

They even film a commercial of him taking advantage of people!
http://youtu.be/GYTu_yuwV8s

697 days ago
49.

Fidel Sarcastro    

Well there goes any chance that Tommy "Zeus" Lister makes it into the wwe hall of fame... Oh wait the wwe inducted convicted rapist "Iron" Mike Tyson this year, I take it back his prison stay might actually help his chances.

Gotta love the PG era

697 days ago
50.

myopinion    

I don't know why people want to live beyond their means!

697 days ago
51.

Mason H    

$3.8 million dollars for 5 years of your life? That's a pretty good take for a washed up nobody!

696 days ago
52.

ReVeLaTeD    

TMZ...RAISE yo hand outta respect....

696 days ago
53.

anthony    

there goes his chances of getting inducted into the prestigious world famous wwe hall of fame what a shame

695 days ago
54.

new benefits    

Very good example that you always have to pay back your debt. Make sure to think over before you , for example, turn to advance cash lender . You need to know how to manage your expenses . According to Fedem he is the poorest man, but isn't this his own fault only? Isn't he is the one who commited this giant fraud?
And what about lenders? If you want to lend money, make sure to be capable of returning them

693 days ago
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