LOS ANGELES (CBSLA.com) â ???? Authorities say an actor and an accountant agreed to plead guilty to federal mortgage fraud charges that resulted in losses of $ 3.8 million.

Tommy Lister, 54, was charged on Friday with conspiracy to commit mortgage fraud, federal officials said. Arcelia Chavez, 48, of Northridge, a certified independent tax preparer has also been charged.

READ MORE: Enrollment down 6% at LAUSD schools

Lister, who had a small role in “The Dark Knight” ???? and is perhaps best known for his role as Deebo’s bicycle bully in the movie “Friday”, ???? admitted to conspiring with Chavez and several others to fraudulently acquire title to four residential properties he could not afford. Lister, who lives in Chatsworth, is also known as “Tiny” and “Zeus”.

According to court documents, the scheme included former mortgage loan officer Sami Sager Sweiss, Long Beach real estate agent Jason Patterson, a former Washington Mutual Bank branch manager identified only as JR, and Wanda Tenney, a former Escrow agent based in the San Fernando Valley. .

Authorities say Lister submitted mortgage applications that included inflated income and assets, fabricated bank statements and other forged documents to support fraudulent claims in loan applications. Court documents also indicate that Lister forged escrow records to trick lenders into believing Lister made the required down payments.

Based on the fraudulent documents, the lenders issued mortgages totaling $ 5.7 million, which Lister later defaulted on, officials said. Lenders lost about $ 2.6 million on these loans.

READ MORE: The exhibition “Banksy: Genius Or Vandal” will open its doors in early October

Lister also withdrew $ 1.1 million in cash from fraudulent home equity lines of credit on the four properties and did not repay any of the principal, according to court documents.

As part of his plea deal, Lister admitted that Chavez helped him get one of the fraudulent mortgages and home equity loans by preparing a fake CPA letter and fabricating W-2s and a stub. payroll. Chavez, in his plea agreement, admitted the fabrication of documents.

Sweiss pleaded guilty to conspiracy on July 30 and will be sentenced on March 18, 2013.

Lister and Chavez are due in federal court in September.

NO MORE NEWS: The Latino Restaurant Association launches the DINE LATINO restaurant week

The conspiracy charge carries a statutory maximum penalty of five years in federal prison.


Source link

Leave a Reply

Your email address will not be published.