Former WWE star Ted DiBiase Jr. charged with federal fraud

Ted DiBiase has been charged with stealing millions of dollars from Mississippi’s needy families.

Former WWE star Ted DiBiase Jr. is accused of using fraudulent means to obtain federal funds for his own personal use, according to a federal indictment unsealed on Thursday, April 20 2023.

Co-conspirators in the case included DiBiase, John Davis, Christi Webb, Nancy New, and others.

DiBiase faces “one count of conspiracy to commit wire fraud and theft concerning programmes receiving federal funds, six counts of wire fraud, two counts of theft concerning programmes receiving federal funds, and four counts of money laundering.”

DiBiase faces the following penalties if convicted: The conspiracy charge carries a maximum sentence of five years in prison, Maximum sentence of 20 years for each count of wire fraud

For each count of theft involving federal funds and each count of money laundering, the maximum sentence is ten years.