In what came as a shock for the pro-wrestling fans, former WWE Superstar Theodore "Ted" DiBiase Jr. was recently charged with fraud and theft of federal funds in connection with a Mississippi welfare scandal that has embroiled NFL great Brett Favre. Theodore "Ted" DiBiase Jr.who is also the son of f the WWE legend known as “The Million Dollar Man has shocked not only the wrestling world but also the entire America and people who closely follow him.
Notably, "Ted" DiBiase's case marks a significant turn in a federal investigation that has already ensnared the state’s former welfare director and the women who ran the nonprofit group, among others. The case against "Ted" DiBiase is indeed a serious one as the former WWE Superstar is facing some serious jail time, including up to 20 years for each of his six wire fraud charges and up to 10 years for each of his two theft and four money laundering charges.Now, the question arises what actually DiBiase do? To know the answer continue reading-
What did DiBiase do or what are the charges against DiBiase?
As per US media, Theodore Marvin DiBiase Jr. has been charged with using millions of dollars intended to help needy families in Mississippi to buy himself a boat, a vehicle, and a house. Prosecutors charged the 40-year-old DiBiase Jr. with conspiracy to commit wire fraud and to commit theft concerning programs receiving federal funds, as well as multiple counts of wire fraud, theft concerning programs receiving federal funds, and four counts of money laundering. As per the Prosecutors, DiBiase Jr. and others allegedly used federal funds from The Emergency Food Assistance Program (TEFAP) and the Temporary Assistance for Needy Families (TANF) program "for their own personal use and benefit".
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Not only this, prosecutors allege that after federal funds were issued to the Mississippi Department of Human Services (MDHS), former executive director John Davis directed MDHS to subgrant the funds to the nonprofit organizations Family Resource Center of North Mississippi Inc. (FRC), operated by Christi Webb, and Mississippi Community Education Center (MCEC), run by Nancy New.
It is pertinent to mention here that if convicted, DiBiase Jr. faces up to five years in prison for the conspiracy count, up to 20 years in prison for each wire fraud count, and up to 10 years in prison for each count of theft concerning programs receiving federal funds and for each count of money laundering.