Former professional wrestler charged in theft of millions in Mississippi TANF funds
He was also charged of conspiring to commit wire fraud and money laundering.
DiBiase pleaded not guilty to all charges and is set to appear for a status conference on Monday, August 14 before the court.
The indictment has alleged DiBiase and his co-conspirators of fraudulently receiving federal funds from programs such as The Emergency Food Assistance Program (TEFAP) and the Temporary Assistance for Needy Families (TANF) programs for personal use and benefit.
DiBiase has been accused of using those funds for buying a house, a boat and a vehicle along with others things without fulfilling the obligations of the sham contracts he had entered into with various entities.
He allegedly transferred money from one of his companies to another and used it for personal gains.
The former WWE wrestler tested positive for Adderall and Marijuana on the morning of his arrest. His attorney attributed the marijuana test to his use of hemp oil and a CBD gummy.
Even though he didn’t have a valid prescription, the attorney stated that DiBiase was diagnosed with ADHD, which is why he was consuming Adderall.
DiBiase could face 45 years of jail along with a million-dollar fine if he is convicted on all counts.
Ted DiBiase Jr. was signed to WWE from 2007 until 2013. He held the World Tag Team Championship on two occasions, along with his partner Cody Rhodes.
SOURCE: ringsidenews.com
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