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.
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