Ted DiBiase Jr., the former WWE wrestler and scion of Hall of Famer Ted DiBiase, finds himself entangled in a web of accusations, facing charges linked to the alleged embezzlement of federal funds earmarked for impoverished individuals and struggling families.
The 40-year-old, known by his birth name Theodore Marvin DiBiase Jr., stands accused of unlawfully appropriating resources from The Emergency Food Assistance Program (TEFAP) and the Temporary Assistance for Needy Families (TANF) program, diverting them for personal gain, thereby perpetrating a fraudulent scheme.
The United States Department of Justice, leaving no room for ambiguity, confirms that DiBiase Jr. faces a litany of charges. These include a single count of conspiring to commit wire fraud and theft in relation to programs funded by the federal government, six counts of wire fraud, two counts of theft related to federal funds, and four counts of money laundering.
Should a conviction be secured, the repercussions for DiBiase Jr. loom large. The conspiracy charge alone carries a potential prison sentence of up to five years, while each wire fraud offense bears a maximum penalty of 20 years. Additionally, the counts of theft linked to federal programs and money laundering, if proven, carry individual sentences of up to 10 years each.
Legal filings, supported by court documents referenced in a press release from the Department of Justice, shed light on the alleged impropriety. According to these sources, DiBiase Jr. purportedly received funds from a nonprofit organization entrusted with the disbursement of millions in federal assistance intended to aid impoverished women and children.
However, the indictment asserts that this allocation constituted a deceitful arrangement, with safety-net funds being diverted for personal enrichment, implicating not only DiBiase Jr. but also the state’s former welfare director and others.
Prosecutors argue that DiBiase Jr. misused the misappropriated funds, deploying them to finance various personal expenditures such as acquiring a vehicle, purchasing a boat, and facilitating a down payment for a house, among other undisclosed expenses.
Intriguingly, his brother, Ted Teddy DiBiase Jr., has already entered a guilty plea on a charge of conspiring to defraud the government in connection with this very scandal.
A six-year stint with WWE, commencing in 2007, solidified DiBiase Jr.’s presence within the world of professional wrestling. However, the accused party has chosen to remain silent regarding these weighty charges that now overshadow his career and personal life.