Former WWE Superstar Ted DiBiase Jr., who fans may remember from the Legacy stable with Cody Rhodes and Randy Orton back in the day, has been charged with multiple felonies in the Mississippi welfare fraud scandal.
The United States Department of Justice issued a statement revealing that DiBiase Jr. has been charged with one count of conspiracy to commit wire fraud and to commit theft concerning programs receiving federal funds, six counts of wire fraud, two counts of theft concerning programs receiving federal funds, and four counts of money laundering.
So yeah, he's in some serious trouble, and could potentially spend the rest of his life in prison!
What makes his (alleged) crimes even worse, is that the funds were going to be used to help needy families.
You can check out excerpts from the statement below.
"Theodore Marvin DiBiase Jr., 40, of Madison, along with co-conspirators John Davis, Christi Webb, Nancy New, and others, are alleged to have fraudulently obtained federal funds – including from The Emergency Food Assistance Program (TEFAP) and the Temporary Assistance for Needy Families (TANF) program – that they misappropriated for their own personal use and benefit.
DiBiase is charged with one count of conspiracy to commit wire fraud and to commit theft concerning programs receiving federal funds, six counts of wire fraud, two counts of theft concerning programs receiving federal funds, and four counts of money laundering. If convicted, he faces a maximum penalty of five years in prison for the conspiracy count, a maximum penalty of 20 years in prison for each wire fraud count, and a maximum penalty of 10 years in prison for each count of theft concerning programs receiving federal funds and for each count of money laundering."
TheRingReport.com, and/or the user who contributed this post, may earn commissions or revenue through clicks or purchases made through any third-party links contained within the content above.