Ted DiBiase Jr. Faces Charges in Mississippi Welfare Fraud Case.

Former professional wrestler Ted DiBiase Jr. has been indicted on charges of fraudulently obtaining federal money and using it for his own benefit in a Mississippi welfare fraud case. DiBiase and co-conspirators, including former Mississippi Department of Human Services director John Davis, are accused of receiving "sham contracts" and misspending millions of dollars of welfare money that was supposed to help some of the neediest people in the U.S. If convicted, DiBiase could face up to 20 years in prison for each wire fraud count and up to 10 years for each count of theft concerning programs receiving federal funds and for each count of money laundering.