Former WWE wrestler Ted DiBiase Jr. is facing serious prison time. On Thursday, the Department of Justice released a statement that Dibiase has been charged with several counts of fraud, conspiracy, money laundering, and theft.
According to the press release from the Department of Justice, Dibiase is accused of committing wire fraud and conspiracy to commit wire fraud and theft concerning programs receiving federal funds. He has also been charged with several counts of money laundering and theft concerning programs receiving federal funds.
If found guilty, Dibiase could be facing a maximum of 20 years in prison for every wire fraud charge, 10 years for the money laundering charges, and 5 years for each conspiracy charge.
This is not the first time a former WWE wrestler has been involved in fraudulent activities. It is important to remember that anyone charged with a crime is innocent until proven guilty in a court of law. Dibiase has not yet made a public statement regarding the charges, and it is unclear at this time how the situation will unfold.
The charges against Ted DiBiase Jr. are serious and could result in a lengthy prison sentence if he is found guilty. The wrestling community is waiting for more information on the matter and will be following the case closely as it unfolds.
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