Tiny Lister Facing Five Years In Prison?

(CelebNMusic247) Tiny Lister Facing Five Years In Prison?

Bad news for Friday bully, Tiny ‘Deebo‘ Lister!

Word is, Tiny Lister,  best known as Deebo from “Friday” has 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.

What the heck?

He’s a celebrity and has plenty of money, why would he need to scam people?

According to the plea agreement — obtained by TMZ, Tiny has agreed today to plead GUILTY in federal court for conspiring to commit mortgage fraud, which led to $3.8 MILLION in losses for unsuspecting lenders.

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, reports TMZ.

Lister is now facing five years in prison, after pleading guilty to mortgage fraud.

He’s due in court in September.

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