Ted DiBiase Jr. Charged in Mississippi Welfare Scandal Involving Millions

Former WWE wrestler Theodore Marvin DiBiase Jr. has been charged with conspiracy to commit wire fraud and theft concerning programs receiving federal funds, as well as multiple counts of wire fraud, theft concerning programs receiving federal funds, and money laundering. DiBiase Jr. and others allegedly used federal funds intended to help needy families in Mississippi to buy himself a boat, a vehicle, and a house. The funds were issued to the Mississippi Department of Human Services and subgranted to nonprofit organizations, which awarded sham contracts to DiBiase Jr.'s companies. If convicted, he faces 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 money laundering.