"Friday” standout actor Tommy ‘Tiny’ Lister, who played the notoriously-feared character, “Deebo,” in the cult flick, has agreed to plead guilty to a $3.8 million dollar mortgage fraud scheme.
Prosecutors charged the 54-year-old actor, who has made more than 100 movies, with conspiring to buy homes he could not afford from 2005 to 2007. Lister, with help from a real estate agent, a mortgage loan officer, a bank manager, an escrow officer and an accountant, is said to have used falsified records to unlawfully acquire four homes for $5.7 million dollars; which the bank later sold at a loss of more than 2.6 million, according to a news release from the U. S. Attorney’s Office.
Lister has been accused of submitting fake W-2 forms and pay stubs, in his applications to obtain home equity lines of credit. He faces 5-years in prison for this stunt.
The case was investigated by the FBI and Internal Revenue Service.