WWE: Former WWE superstar Ted DiBiase is facing serious legal trouble as he is embroiled in a criminal case in the Mississippi Southern District Court. Accordin to Ringside the charges against him include conspiracy to commit wire fraud and theft concerning programs receiving federal funds, wire fraud, money laundering, and theft involving programs receiving federal funds. If convicted on all counts, DiBiase could face a maximum of 45 years imprisonment and a million-dollar fine.
DiBiase Is Facing Serious Legal Trouble
DiBiase, who has pleaded not guilty to all charges, is set to appear for a status conference on August 14, 2023, before the court.
The indictment alleges that DiBiase, along with co-conspirators, fraudulently obtained 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.
It is claimed that DiBiase misused these funds for purchases, including a house, a boat, and a vehicle, among other expenditures, without fulfilling the obligations of the sham contracts he had entered into with various entities.
The charges also include allegations of wire fraud, wherein DiBiase transferred money from one of his companies to another and used it for various personal expenses.
Additionally, DiBiase is accused of money laundering, involving the transfer of funds obtained through illegal activities.
In conclusion, the legal troubles facing former WWE superstar Ted DiBiase are serious and could have significant consequences. The charges against him highlight the gravity of the case and raise important questions about the misuse of federal fund.
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