Current Events > Ted DiBiase Jr (Ex-WWE Wrestler) charged with theft of millions of dollars

(+) Yeah! (+)

https://twitter.com/The_PWW/status/1649120254541299719

Former Professional Wrestler Charged with Theft of Millions of Dollars in Federal Funds Intended for Needy Families
A federal indictment was unsealed today in Mississippi charging a former professional wrestler with misappropriating millions of dollars in federal safety-net funds intended for needy families and low-income individuals in Mississippi.
According to court documents, 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.
Davis was the executive director of the Mississippi Department of Human Services (MDHS). As part of the alleged scheme, after federal funds were issued to MDHS, Davis directed MDHS to subgrant the funds to two nonprofit organizations, Family Resource Center of North Mississippi Inc. (FRC) and Mississippi Community Education Center (MCEC), which were operated by Webb and New, respectively. Davis then allegedly directed Webb and New to award sham contracts to various individuals and entities purportedly for the delivery of social services, including at least five sham contracts that were awarded to DiBiases companies, Priceless Ventures LLC and Familiae Orientem LLC.
As further alleged in the indictment, under these sham contracts, FRC and MCEC provided millions of dollars in federal funds from MDHS to DiBiase and his companies for social services that DiBiase did not provide and did not intend to provide. DiBiase allegedly used these federal funds to buy a vehicle and a boat, and for the down payment on the purchase of a house, among other expenditures.
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.
The FBI, HHS-OIG, USDA-OIG, and IRS-CI are investigating the case.

https://www.justice.gov/opa/pr/former-professional-wrestler-charged-theft-millions-dollars-federal-funds-intended-needy

C'mon your dad's literally the million dollar man!

Crimsoness posted...

C'mon your dad's literally the million dollar man!

Yeah dad must have cut him off.

The refs really fucked on him there

https://youtube.com/watch?v=eOm_a8XcYsk

SwordMaster13X posted...

The refs really fucked on him there

https://youtube.com/watch?v=eOm_a8XcYsk

Ok thats pretty funny. Thanks for that.

When ask for comment about the AD who put charges on him. Ted exclaimed "He is trying to fuck on me."

https://www.youtube.com/watch?v=43v9SaeQif4

Is this the case the Red Ranger was mixed up in?

Here is him coming out of a court.

https://twitter.com/WrestlingNewsCo/status/1649496333940674573