|By Daniel Pena | September 02, 2012 | Comments|
Source: TMZTommy 'Tiny' Lister, who performed in WWE as Zeus and World Championship Wrestling as Z Gangsta, has agreed to plead guilty to a mortgage fraud scheme that cost banks $3.8 million.
The 54-year-old actor entered the plea agreement Friday, the same day prosecutors charged him with conspiring from 2005 to 2007 to purchase homes he could not afford and to withdraw more than $1.1 million cash in home-equity loans that were not repaid.
According to the plea agreement obtained by TMZ, the No Holds Barred star admitted that he and five other individuals conspired to obtain four different mortgages on homes in Los Angeles, California using falsified records.
Lister, admitted he and his co-conspirators collected mortgages worth $5.7 million, all of which defaulted. Banks later sold them at a loss of more than $2.6 million.
He agreed to plead guilty in federal court in Los Angeles to conspiracy to commit mortgage fraud, a charge that carries a maximum sentence of five years in prison. He is due to appear in court later this month.
Got a news tip or correction? Send it to us by clicking here.
Video - Zeus Shows Up In Wcw
UFC 189 Conference Call Recap: Conor McGregor Guarantees Finish, Chad Mendes Does Same, More
Triple H To Make Announcement, Lita Visits WWE Tough Enough Performance Center Barracks, Stock
How Was Viewership For Special Two Hour RAW?, Tough Enough Audience Drops, Total Divas First Look
Alex Talks Tough Enough Elimination, If He Regrets Saying "Knowledge Means Nothing", His Cardio
Shawn Michaels Talks Shelton Benjamin, Asking Vince To Go To WCW, Ziggler; JR On Keeping HBK In WWE
Finn Balor - WWE 2K16 Video, NXT Diva Gets New Name, Update On WWE Concussion Lawsuits, Flash Sale
Renee Young Reveals New WWE Show And Speaks To Arnold Schwarzenegger, Roddy Piper Podcast Update
WWE Monday Night RAW Results: John Cena Open Challenge, No DQ Main Event, Kevin Owens, More
John Cena - Cesaro Match Censored On WWE Raw
** SPOILERS ** WWE SmackDown Results For This Week
Big Show Comes Clean About Brock Lesnar Ring Break, Explains Why He Kept Kayfabe For So Long
The Authority Storyline Speculation, WWE Tough Enough Alex On His Elimination, More Reactions