Actor Tommy ‘Tiny’ Lister pleads guilty of mortgage fraud
Tommy “Tiny” Lister, a character actor who has appeared in nearly 100 films, including “Jackie Brown” and “Beverly Hills Cop II,” is guilty of a mortgage fraud that cost banks $ 3.8 million.
The 54-year-old actor entered the plea agreement on Friday, the same day prosecutors accused him of conspiracy from 2005 to 2007 to buy houses he couldn’t afford and more than $ 1.1 million Withdraw dollars in cash in the form of a home loan that has not been paid back.
Prosecutors accused Lister and five others – a real estate agent, mortgage loan officer, bank manager, trustee, and accountant – of using fake records to help Lister illegally purchase four homes for $ 5.7 million.
Lister, who lives in Chatsworth, has defaulted on the loans. Banks later sold them at a loss of more than $ 2.6 million, the US prosecutor said in a press release.
Lister was also accused of filing fake W-2 forms and a fake pay slip in his home equity application.
He agreed to plead guilty to the mortgage fraud conspiracy in federal court in Los Angeles, a charge that carries a maximum sentence of five years in prison. He has not yet submitted a plea.
The case has been investigated by the FBI and the Internal Revenue Service.
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