The son of WWE legend, ‘The Million Greenback Man’ Ted DiBiase Snr, is about to face trial in January 2026. Ted DiBiase Jr, himself a former WWE Famous person, is being accused of misappropriating hundreds of thousands of {dollars} which had been meant for low-income households as a part of a federal welfare fraud scandal, which is being referred to as considered one of Mississippi’s largest corruption instances.
DiBiase Jr was first arrested in April 2023 and can stand trial to face a plethora of prices, from conspiracy to commit wire fraud, wire fraud, theft regarding applications receiving federal funds, in addition to cash laundering. If convicted, the 42-year-old may resist 45 years in jail in addition to dealing with a tremendous of as much as $1 million.
In what appears to be like to be a prolonged courtroom battle, the trial was initially set to start on the twenty sixth of August within the US District Court docket for the Southern District of Mississippi, however as a consequence of new proof coming to mild, the trial has been pushed again to January 6, 2026.
In line with courtroom paperwork, the federal government filed a movement requesting extra time because of the in depth discovery concerned and the necessity for each side to organize for trial or to even discover a attainable plea settlement. It appears this notion has been agreed by the courtroom, noting that the “finish of justice” was extra essential than the necessity for a speedy trial.
It has additionally been claimed that DiBiase Jr conspired with others all through his complete ordeal. Names talked about embody former Mississippi Division of Human Providers Director, John Davis, who was used to assist funnel federal TANF (Non permanent Help for Needy Households) funds into two corporations he managed: Priceless Ventures LLC and Familiae Orientem LLC.
Penalties DiBiase May Face if Discovered Responsible
Conspiracy: As much as 5 years in jail & a $250,000 tremendous
Wire fraud (6 counts): As much as 20 years in jail & $250,000 per rely
Theft of federal funds (2 counts): As much as 10 years in jail & $250,000 per rely
Cash laundering (4 counts): As much as 10 years in jail & $250,000 per rely
With the trial across the nook, the case appears to be like to be one of the intently watched authorized battles involving a high-profile movie star. It appears to have captured the eye of the nation, and never simply wrestling followers, because of the big amount of cash concerned and brought from applications meant to assist Mississippi’s most weak.
Prosecutors have claimed that over $2million in authorities funds ended up in DiBiase’s fingers via fraudulent contracts for companies reminiscent of “management coaching” in addition to “emergency meals help assessments.” These companies had been allegedly by no means delivered on, and as an alternative the funds had been used to pay for the accused’s luxurious way of life.
Ted DiBiase Jr was an enormous prospect throughout his time within the WWE and, in 2009, was featured in an article by WWE Journal as considered one of “Tomorrow’s Champions”, which highlighted 10 Superstars that might carry the WWE into the brand new period, alongside The Miz, Kofi Kingston, and Cody Rhodes. It is truthful to say his profession hasn’t labored out as anticipated.
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