Actor Tommy “Tiny” Lister, who has appeared in about 100 movies and TV shows, has pleaded guilty to mortgage fraud in a scam that cost banks about $4 million in losses.
Lister was accused of buying four homes that he knowingly couldn’t afford by falsifying bank statements, escrow records, and inflating his income so that he would not have to pay down payments on the homes. He reportedly received up to $5.7 million in mortgages. He defaulted on all four of the homes.
Lister is also accused of accepting kickbacks from sellers following the closing of the real estate deals.
Lister has appeared in films like “The Dark Knight,” “Beverly Hills Cop II,” “Jackie Brown” and the “Friday” series. He could face up to five years in prison.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2012/09/06/actor-pleads-guilty-mortgage-fraud
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