Tommy 'Tiny' Lister will plead guilty to conspiracy to commit mortgage fraud

genocidecutter · September 2012

Tommy Lister has got himself into some serious trouble. Sources confirmed Friday afternoon that he will plead guilty in federal court for conspiring to commit mortgage fraud. The reports say a great deal for Tommy Lister who bought a $2.5 million home in 2010.

TMZ has confirmed that Tommy Lister will confess to conspiring a mortgage fraud scheme that he and his co-conspirators were involved in. Lister and his associates acquired mortgages worth $5.7 million and defaulted on all four of them. In the end, the lenders were scammed out of $2.6 million.

Lister withdrew an additional $1.1 million in loans that he never paid back. For swindling the banks for $3.8 million, Tommy "Tiny" Lister, commonly known as Deebo on Friday could spend up to five years in a federal prison after his first court appearance in September.

Tommy Lister might have been smart but clearly consequences weren't on his mind. The former wrestler bought a $2.5 million home in Calabasas, California back in 2010. The luxury-sized English-Tudor house came with a home theater and a spa-like bathroom.

Perhaps Tommy was getting greedy or he thought he could get away with it. Either way, a possible five year sentence in prison might give him some time to think about his actions.
examiner.com/article/tommy-tiny-lister-will-plead-guilty-to-conspiracy-to-commit-mortgage-fraud