Former WWE wrestler charged with theft of millions from Mississippi welfare program

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Former WWE wrestler Ted DiBiase Jr., the son of Ted "The Million Dollar Man" DiBiase Sr., been charged with misappropriating millions in federal safety-net funds for needy families in Mississippi, according to a federal indictment that was unsealed on Thursday. 

DiBiase Jr. was among a group of individuals that allegedly used these funds intended for low-income individuals and families for their own personal benefit. 

John Davis, the executive director of the Mississippi Department of Human Services, Christi Webb, the head of the Human Resource Center of North Mississippi Inc., and Nancy New, who ran the Mississippi Community Education Center, are among those named in the indictment as well. 

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Teddy DiBiase Jr. before his first professional fight for the World League Wrestling on July 8, 2006, in Eldon, Missouri. (Ezra Shaw/Getty Images)

In an official release, the Department of Justice stated that federal funds, which came from the Emergency Food Assistance Program and the Temporary Assistance for Needy Families program, among others, were directed to Webb’s and New’s organizations by Davis’ MDHS as subgrants.

Davis then told Webb and New, according to the release, "to award sham contracts to various individuals and entities purportedly for the delivery of social services, including at least five sham contracts that were awarded to DiBiase’s companies, Priceless Ventures LLC and Familiae Orientem LLC."

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The indictment added that DiBiase Jr.’s organizations were given millions of dollars to