According to TMZ.com, Lister, was involved in a fraud scheme where he and several others used false information and falsified bank statements to obtain mortgages on homes in Los Angeles, then defaulted, causing losses of nearly 3 million for the lenders.
Lister also withdrew over a million dollars using the aforementioned properties as collateral and failed to also repay those debts, so he's accused of stealing close to $4 million total.
Lister, who went on to become best known as Debo in the "Friday" film series starring Ice Cube, rarely wrestled after his WWF run, although he did a series of bouts against Abdullah the Butcher in Puerto Rico after the WWF run and did a few appearances for WCW in the mid-1990s as "Ze Gangsta."
For more on the case, click here.
Thanks to Cable for his help.
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