“Friday” star Tommy “Tiny” Lister, best known for his character of Deebo in the Ice Cube-produced film, has agreed to plead guilty in federal court for conspiring to commit mortgage fraud.
The actor’s confessed crime led to $3.8 million in losses for unsuspecting lenders.
Lister’s plea agreement shows that the 54-year-old Hollywood star admitted to a diabolical scheme in which he and several individuals conspired to obtain four different mortgages on homes in Los Angeles using false information and bogus bank statements, according to documents obtained by TMZ.
The Pine Bluff, Ark.-bred talent further confessed that he and co-conspirators collected mortgages worth $5.7 million and defaulted on all four, which cost the lenders $2.6 million.
Lister also admitted to withdrawing over $1.1 million in loans using the properties as collateral that he never paid back. The overall scheme had the actor duping banks out of $3.8 million.
He faces up to five years in federal prison and will learn his fate when he heads to court this month.
In addition to being a Hollywood actor, Lister had a stint as a professional wrestler named Zeus in World Wrestling Entertainment (then known as WWF) in the late 1980′s.
In the late 1990′s, Lister became a born again Christian and began making appearances on the Trinity Broadcasting Network (TBN). He also made numerous appearances with international evangelist Benny Hinn.