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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

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.


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

719 days ago


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.

719 days ago


They even film a commercial of him taking advantage of people!

719 days ago

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

719 days ago


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

719 days ago

Mason H    

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

717 days ago


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

717 days ago


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

717 days ago

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

715 days ago
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