Tommy â€˜Tinyâ€™ Lister, better knows as Deebo from ‘Friday‘,Â admitted that he and five other individuals conspired to obtain four different mortgages on homes in Los Angeles, California using falsified records according to a plea agreement obtained by TMZ.
Lister, admitted he and the other individuals defaulted $5.7 million worth in mortgages. Banks later sold them at a loss of more than $2.6 million.
The charge of conspiracy to commit fraud carries a maximum sentence of five years in prison Â and Lister agreed to plead guilty to a mortgage fraud scheme that cost banks a total of $3.8 million in federal court in Los Angeles. He is due to appear in court later this month.