April 20th 2023.
(Image Source: https://metro.co.uk) After spending six years with the company, Ted DiBiase Jr, the son of WWE Hall of Famer, 'The Million Dollar Man' Ted DiBiase, has now been charged with a number of counts as confirmed by the United States Department of Justice. It is alleged that DiBiase Jr misappropriated millions of dollars in federal safety-net funds intended for needy families and low-income individuals for his own personal use and benefit. DiBiase could face a maximum penalty of five years in prison for the conspiracy count and a maximum penalty of 20 years in prison for each wire fraud count.
Further, DiBiase Jr is accused of fraudulently obtaining federal funds through a sham arrangement with federal safety net funds diverted for his personal use as well as the use of others.
(Image Source: https://metro.co.uk) Despite these allegations, DiBiase Jr could potentially face a significant penalty if convicted.
Ted DiBiase Jr spent six years with the company until 2013. After that, the former wrestler has been charged with stealing millions of dollars in federal safety-net funds intended for needy families and low-income individuals.
His father is WWE Hall of Famer, 'The Million Dollar Man' Ted DiBiase. According to the United States Department of Justice, DiBiase Jr has allegedly misappropriated the funds for his own personal use and benefit. However, if convicted, he could face a range of penalties, including up to five years in prison for the conspiracy count and up to 20 years in prison for each count of wire fraud.
The indictment states that the funding was a 'sham' arrangement with federal safety net funds being diverted for the personal use of DiBiase Jr and others. Nonetheless, the potential consequences of this alleged crime can serve as a strong reminder of the importance of protecting these vital resources for those in need.
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