Former WWE wrestler Ted DiBiase Jr. found himself in court on Wednesday, facing charges related to the alleged theft of federal funds that were meant to support struggling families. DiBiase pleaded not guilty to all charges, which comprise several counts of wire fraud, conspiracy to commit wire fraud, theft of federal funds designated for programs, and money laundering, as reported by PWInsider.
DiBiase could potentially face severe repercussions if found guilty, with a maximum penalty of five years in prison for the conspiracy charge and 20 years for each charge of wire fraud. The charges of theft concerning federal funds and money laundering each carry a maximum penalty of 10 years in prison.
The charges stem from an alleged scheme to embezzle funds intended to support needy families. DiBiase has yet to comment publicly on the matter, but the case is sure to be closely watched by wrestling fans and legal experts alike.
