A federal indictment filed Thursday accused Ted Dibiase Jr., a former professional wrestler, of stealing money from a Mississippi fund for families in need.
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Ted Dibiase Jr. has caused him some problems which could affect him and his family. Ted Dibiase Jr. is famously known for being the son of “The Million Dollar Man” and also, for being part of a faction in WWE Legacy alongside Randy Orton and Cody Rhodes. Over the course of his six-year run with WWE, he won the World Tag Team Championship twice.
He has been legally accused of stealing millions of dollars intended for low-income families and people in Mississippi. The federal indictment was announced Monday and includes 13 allegations including theft, fraud, money laundering, and conspiracy. The decision comes 18 months after DiBiase Jr., his father, WWE Hall of Famer Ted DiBiase, and his brother, Brett, who was also briefly active in wrestling, was forced to return millions in misappropriated welfare funds, and one month after Brett claimed guilty to fraud.
The charge against DiBiase is a significant development in a federal probe that has already implicated the state’s former welfare director and the charity group’s leaders, among others. According to federal authorities, DiBiase, like Favre, got money from a charity business that was allocating millions of government funds meant for underprivileged women and children.
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Dibiase was charged with six counts of wire fraud, one count of conspiracy to commit wire fraud and theft involving federal funds, four counts of money laundering, and two counts of theft involving federal funds, according to a press release issued by the Department of Justice on Thursday.
Dibiase faces up to 20 years in jail for each wire fraud allegation, ten years for each money laundering charge, and five years for each conspiracy charge if convicted.
Last May, the Mississippi Department of Human Services identified Ted Dibiase Sr., Brett Dibiase, and Ted Dibiase Jr. in a civil suit connected to the scandal. DiBiase Sr. is accused of owing $1,971,223 in unlawfully obtained cash, DiBiase Jr. is accused of owing $2,897,487, and Brett DiBiase is accused of owing $824,258. The lawsuit also named NFL legend Brett Favre.
From 2006 through 2013, Dibiase Jr. worked for WWE. He was a member of Randy Orton’s legacy group and shared the tag belts with Cody Rhodes twice.
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