It looks like Deebo might really be getting locked up!Tommy Lister, who is known to many as Deebo for his role in the classic movie Friday, agreed to plead guilty to charges of conspiring to commit mortgage fraud.
According to TMZ, the fraud apparently led to $3.8 million in losses for some unsuspecting lenders.
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The site reports:
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.PHOTOS: FINALLY! N.W.A Movie Begins Filming
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.
If convicted, Tommy could face up to 5 years in federal prison. He has a court date coming up this month.
SOURCE: TMZ
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