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Former WWE wrestler Theodore Marvin DiBiase Jr., son of wrestling legend Ted “The Million Greenback Man” DiBiase Sr., has been charged with utilizing thousands and thousands of {dollars} supposed to assist needy households in Mississippi to purchase himself a ship, a automobile and a home, in line with a newly unsealed federal indictment.
Prosecutors charged the 40-year-old DiBiase Jr. with conspiracy to commit wire fraud and to commit theft regarding applications receiving federal funds, in addition to a number of counts of wire fraud, theft regarding applications receiving federal funds, and 4 counts of cash laundering, prosecutors mentioned.
DiBiase Jr. and others allegedly used federal funds from The Emergency Meals Help Program (TEFAP) and the Non permanent Help for Needy Households (TANF) program “for their very own private use and profit,” in line with prosecutors.
Prosecutors allege that after federal funds have been issued to the Mississippi Division of Human Providers (MDHS), former government director John Davis directed MDHS to subgrant the funds to the nonprofit organizations Household Useful resource Heart of North Mississippi Inc. (FRC), operated by Christi Webb, and Mississippi Neighborhood Schooling Heart (MCEC), run by Nancy New.
Davis then allegedly directed Webb and New to “award sham contracts to numerous people and entities purportedly for the supply of social companies, together with no less than 5 sham contracts that have been awarded to DiBiase Jr.’s firms, Priceless Ventures LLC and Familiae Orientem LLC,” prosecutors mentioned.
DiBiase Jr. allegedly used these federal funds to buy himself a automobile and a ship, and to place a down fee for a home, amongst different issues, in line with prosecutors.
If convicted, DiBiase Jr. faces as much as 5 years in jail for the conspiracy rely, as much as 20 years in jail for every wire fraud rely, and as much as 10 years in jail for every rely of theft regarding applications receiving federal funds and for every rely of cash laundering, prosecutors mentioned.
The indictment is the most recent replace within the Mississippi welfare scandal that invovles retired NFL quarterback Brett Favre.
In February, Favre filed lawsuits accusing the state auditor and two sportscasters of defaming him in public discussions concerning the scandal.
Favre is just not dealing with legal costs within the Mississippi welfare scandal, however he’s amongst greater than three dozen folks or companies the state is suing to attempt to get well misspent cash via the Non permanent Help for Needy Households program.
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