Freeman was sentenced to nine months in jail with a year suspended. However, he did receive a fine and 120 hours of community service.
Freeman failed to report his earnings from his fight career and provided false information for a mortage application from January 2003 to July 2006.
Freeman is the final Cage Rage British light-heavyweight champion and a six-time UFC competitor. Freeman went 3-2-1 in the Octagon, which includes a TKO win over current UFC interim champion Frank Mir.