A jury in Mississippi has acquitted former professional wrestler Ted DiBiase Jr. of all 13 counts related to his alleged involvement in a public welfare embezzlement scheme. The jury deliberated for nearly four hours before returning the verdict, which clears DiBiase of charges including conspiracy, wire fraud, theft concerning programs receiving federal funds, and money laundering.
Prosecutors accused DiBiase of misusing federal funds from programs like Temporary Assistance for Needy Families, totaling more than $77 million, for personal expenses. The case also implicated others, including John Davis, Christi Webb, Nancy New, and DiBiase’s brother Brett DiBiase. Several of these individuals have pleaded guilty in connection with the scheme.
State Auditor Shad White, who led the investigation, expressed disappointment with the verdict but noted that some individuals have already pleaded guilty and that efforts continue to recover misspent funds through civil court. White emphasized the importance of accountability for taxpayers.
DiBiase had pleaded not guilty and had been free on bond for nearly three years before the federal trial. Had he been convicted, he faced more than 100 years in prison. The Department of Justice announced the indictment in April 2023, alleging that DiBiase and others fraudulently obtained federal funds and used them for personal purchases, including a vehicle, a boat, and a house down payment.
Several co-conspirators have pleaded guilty, with some serving lengthy sentences or awaiting sentencing. The civil case filed by the Mississippi Department of Human Services remains ongoing in state court.
Jon Ross Myers is the executive editor and publisher of the Mississippi News Network, Mississippi's largest digital only media company. He can be reached at editor@tippahnews.com
