A once-prominent WWE star has been cleared of allegations related to the misuse of federal funds intended for social services. Ted DiBiase Jr. was acquitted on Friday, expressing deep emotion over the verdict. The Mississippi jury’s decision marked an end to what is deemed the largest public corruption case in the state’s history.
After the hearing, DiBiase spoke about his relief, saying, “I will live again.” He emphasized his commitment to serving his community and addressed those who criticized him, sharing a message of forgiveness and love.
The 43-year-old, son of WWE icon Ted DiBiase Sr., had faced serious charges, including wire fraud and theft of federal funds, which could have resulted in a lengthy prison sentence. Prosecutors accused him of misappropriating around $3 million to finance a luxurious lifestyle, which included a $1.4 million home and several expensive vehicles and items.
In reflecting on the ruling, DiBiase said he believed justice was served, attributing his gratitude to divine intervention and his legal team’s efforts in presenting the truth throughout the trial. The case, which spanned seven years, ultimately culminated in a trial lasting 20 days.
He noted that the accusations had nearly destroyed his family, but they managed to remain strong and united. Interestingly, DiBiase was the only defendant in this embezzlement case who chose to go to trial instead of accepting a plea deal.
His legal team had argued for the dismissal of charges based on insufficient evidence. Prosecutors alleged that DiBiase conspired with John Davis, the former director of the Mississippi Department of Human Services, to illegitimately obtain $2.9 million through bogus contracts.
Davis has already pleaded guilty to charges in relation to this scandal, which involved funds from programs designed to assist needy families. Other co-conspirators allegedly funneled money through these fake contracts to several companies, including some owned by DiBiase.
He was tasked with developing an app for the Mississippi State Department of Health, but prosecutors stated he diverted funds meant for welfare services before fulfilling the contract’s requirements.
Davis has testified that he and DiBiase directed money to him, despite knowing he wouldn’t meet contractual obligations. This fraud case reportedly involved an astounding $77 million, benefiting various celebrities, including former NFL player Brett Favre.
The state of Mississippi is seeking to recover $24 million from 38 individuals implicated in the misappropriation of funds.
