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WWE star turned welfare millionaire? Former pro wrestler charged with stealing federal funds meant for Mississippi's needy

  • Ted DiBiase Jr. and his companies allegedly received millions in "sham contracts" from Mississippi officials and used the funds for lavish personal purchases instead of helping the poor.
  • DiBiase, brother of another wrestler who played "The Million Dollar Man," faces over 20 years in prison if convicted on charges including conspiracy, wire fraud, and money laundering.
  • The scandal has already ensnared retired NFL star Brett Favre and led to the resignation of Mississippi's welfare director, showing how safety net funds were diverted to the state's elite.
  • Mississippi, one of the nation's poorest states, spends only a fraction of federal welfare funds on direct aid, and critics say the accused took advantage of lax oversight and enforcement.
  • DiBiase's family was known for portraying fantastically wealthy wrestlers, but prosecutors say the funds he obtained were meant to help vulnerable mothers and children in dire need.
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