On Thursday, former WWE star Ted DiBiase Jr. was officially charged with multiple felonies concerning the Mississippi welfare fraud scandal involving former NFL quarterback Brett Favre.
The arrest happened after DiBiase was accused of misappropriating millions of dollars intended for needy families after he allegedly fraudulently obtained money from The Emergency Food Assistance Program and the Temporary Assistance for Needy Families.
His father, WWE Hall of Famer Ted DiBiase, has issued a statement on the arrest.
The son of the pro wrestling legend faces charges that include 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.
He faces up to 80 years in prison. The breakdown is up to 5 years in prison should he be found guilty for the conspiracy charge, a maximum of 20 years for each fraud count, and 10 years for every theft count that concerns “programs receiving federal funds and for each count of money laundering.”
As seen below, the former WWE star was released from jail on Friday afternoon, courtesy of WAPT:
Ted DiBiase released from on bond as he awaits his trial. https://t.co/dNNDcGAlQ4
— Wrestling News (@WrestlingNewsCo) April 21, 2023
