The former WWE talent charged in a federal fraud case.
On Thursday, Ted DiBiase Jr. was charged with taking money from a fund for needy families in Mississippi. The court documents (via WKBN-TV) read that DiBiase Jr., real name Theodore Marvin DiBiase Jr., was one of multiple people accused of getting federal money that was for food programs and using the funds for their own benefit.
Paul Davis, who is one of the accused, was the Executive Director of the Mississippi Department of Human Services. The funds were issued to the department Davis was the Director of which was part of the alleged scheme.
Davis instructed his department to award financial assistance to two nonprofits, which were operated by Christi Webb and Nancy New, who were involved in the alleged scheme.
Webb and New awarded sham contracts for the delivery of social services and at least five of those contracts were awarded to DiBiase Jr.’s companies. In addition to that, millions of dollars in funds from the Mississippi Department of Human Services was given to DiBiase Jr.’s companies for services that he did not provide.
Ted allegedly used the funds to buy a vehicle, boat and make a down payment on a home among other personal ventures. He is being charged with one count of conspiracy to commit wire fraud, six counts of wire fraud, two counts of theft concerning programs receiving federal funds and four counts of money laundering.
