Actor Tommy 'Tiny' Lister to Plead Guilty in Mortgage Fraud Scheme


Tommy Tiny Lister mortgage fraud caseCharacter actor Tommy "Tiny" Lister, who has appeared in films such as "Friday" and "Jackie Brown," has pleaded guilty to a multimillion dollar mortgage fraud scheme and faces up to five years in federal prison.

Between November 2006 and June 2007, Lister, whose credits span approximately 100 movies and TV shows, purchased four homes that he knowingly couldn't afford. Prosecutors said that Lister falsified bank statements and escrow records and inflated his income in order to avoid paying down payments on the properties.

Lister had help from tax preparer Arcelia Chavez, who produced the falsified documents. Chavez also pleaded guilty in the case.

The scheme, which netted Lister $5.7 million in mortgages, cost lenders as much as $3.8 million.

Lister and Chavez have been summoned to appear in federal court in Los Angeles in September.


See also:
Fannie Mae Ranks Banks in 'Robo-Signing' Settlement as Top Servicers

Mortgage Fraud: California, New York Rank Highest, Report Says

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