Former pro wrestler Theodore “Ted” DiBiase Jr. has been charged with federal fraud and theft in connection with the Mississippi welfare scandal involving Brett Favre. Prosecutors say DiBiase used millions in state aid to buy a vehicle and a boat.
The younger DiBiase signed with the WWE in 2007 and fought under the WWE banner until 2013.
The Madison, Mississippi, resident was 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.A representative for Favre, who has not been criminally charged, declined to comment.saying he never knew the money was intended for welfare. He repaid $1.
Court records in a related civil case show that Favre successfully lobbied state officials to grant a $3.2 million for a drug company in which he was a shareholder and $5 million that built a volleyball arena at the University of Southern Mississippi, where his daughter played the sport and where he played football. The money was directed by Nancy New, who has since pleaded guilty, and was supposed to have gone to poor families.
The Justice Department says DiBiase was paid more than $3 million from entities funded by federal welfare funds “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.”
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.
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