Deebo, who's real name is Tommy Lister, recently pled guilty to conspiring to committ mortgage fraud, which led t0 $3.8 million in losses for unsuspecting lenders, according to media blabber mouths, TMZ.
According to the plea agreement obtained by TMZ, Deebo admitted to a diabolical scheme in which he and several other individuals conspired to obtain four different mortages on homes in Los Angeles using false information and phony bank statements.
Lister also admittted that he and his co-conspirators collected mortgages worth $5.7 million and defaulted on all four... costing the lenders a whopping total of $2.6 MILLION!!! He also admitted to withdrawing over $1.1 million in loans using the properties as collateral which he never paid back.
Nothing is etched in stone yet but Tommy "Deebo" Lister is due back in court later this month and he will be staring down 5 years in PRISON on his date of sentencing. Shame on it all!
