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Former WWE star faces jail
TED DIBIASE JR, the former WWE star was charged on Thursday, April 20, of allegedly stealing ‘millions of dollars in federal safetynet funds intended for needy families and lowincome individuals’. He was charged with several offences by the United States Department of Justice (DOJ) under his real name of Theodore Marvin DiBiase Jr. The 40yearold former prograppler is the son of the wrestling legend and Hall of Famer, Ted DiBiase, who fought in the square ring as ‘The Million Dollar Man’.
A statement released by the DOJ stated that: “According to court documents, Theodore Marvin DiBiase Jr, 40, of Madi son, along with coconspirators John Davis, Christi Webb, Nancy New, and others, are alleged to have fraudulently obtained federal funds that they misappropriated for their own per sonal use and benefit.”
WRESTLING STAR: Faces multiple charges of fraud.
Another section of the statement outlined the possible jail time he could face. It read: “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 for receiving money laundering.” This could amount to 145 years in prison.
