On Thursday, a federal indictment was unsealed that accuses former professional wrestler, Theodore Marvin DiBiase Jr., and his co-conspirators of misappropriating funds from a program designed to help needy families in Mississippi.
The indictment alleges that DiBiase, along with John Davis, Christi Webb, Nancy New, and others, obtained federal money from The Emergency Food Assistance Program (TEFAP) and the Temporary Assistance for Needy Families (TANF) program and used it for their own purposes.
John Davis was the executive director of the Mississippi Department of Human Services (MDHS), and he allegedly directed MDHS to subgrant funds to two nonprofit organizations, Family Resource Center of North Mississippi Inc. (FRC) and Mississippi Community Education Center (MCEC). These organizations were operated by Webb and New, respectively. Webb and New were then directed to award sham contracts to various entities, including at least five to DiBiase’s companies.
The FRC and MCEC provided millions of dollars in federal funds to DiBiase’s companies for social services that were not provided, according to federal investigators. The indictment claims that DiBiase used the funds to buy a vehicle, a boat, and a down payment on a house, among other things.
DiBiase faces charges of conspiracy to commit wire fraud and theft, wire fraud, theft concerning programs receiving federal funds, and money laundering. The case is being investigated by the FBI, HHS-OIG, USDA-OIG, and IRS-CI.
DiBiase was one of WWE’s members of “The Legacy” and “The DiBiase Posse.”
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