DiBiase and a few others were charged with conspiring to defraud the Mississippi Department of Human Services. DiBiase has also been charged with helping to cover up the payments by forging ledgers, invoices, books, and documents. • Ted DiBiase’s Son Arrested In Largest Public Embezzlement Case In Mississippi History. Brett held the FCW Tag Team Championship with Curtis Axel, and the duo was collectively known as The Forgotten Sons in FCW. This is one of many interviews from the Xbox version of the 2002 game Legends of Wrestling II. DiBiase also agreed to pay back restitution for the money he received, with a $5,000 payment already been made. I wish I could say that’s $5,000 welfare dollars (out of up to $94 million in questionable purchases) returned today, but in Mississippi, restitution payments go first to pay off court costs before the money is paid to victims. It showcases just how much WWE believed in him, with the money spent on DiBiase being truly incredible. A nonprofit religious organization founded by former wrestler Ted DiBiase — whose son, Brett, was indicted last week for allegedly embezzling charity funds — … Raw: Ted DiBiase interrupts Triple H's callout of The UndertakerMore WWE - http://www.wwe.com/ The latest Tweets from Ted DiBiase Jr. (@TDFortunateSon). (1999), The Marine 2 (2009) and WWE NXT (2010). Ted DiBiase Sr. was known as “The Million Dollar Man” during his professional wrestling career for his golden championship belt adorned with dollar signs. The $48,000 he obtained fraudulently represents just 1% of the $4.15 million prosecutors allege that agency and nonprofit officials stole and even a smaller fraction of the $94 million in potential welfare agency misspending the auditor found. On the following Raw, DiBiase introduced his son Ted DiBiase, Jr. to WWE as its newest member. It was reported that the ministry had some money problems until they hired Ted’s son Brett DiBiase as a deputy administrator. As revealed by WLBT, the former third-generation developmental wrestler made many false and fraudulent claims to receive a payment of $48,000 as the business Restore2, LLC. On this day in 1992, Ted Turner’s World Championship Wrestling aired an episode of their weekly TV show ‘WCW Power Hour’. DiBiase was just one of the several accused in the massive embezzlement scandal as the six people involved in the case attempted to misappropriate more than $4 Million of government money. Ted DiBiase y sus hijos son nombrados en una auditoria por malversación de fondos en Mississippi La familia DiBiase está involucrado en un escándalo por el uso inapropiado del dinero de asistencia social en Mississippi . However, DiBiase never had the classes as he was instead at a luxury rehab facility in Malibu, California, being treated for opiate abuse. Brett DiBiase is the younger brother of Ted DiBiase Jr., and they both inducted their father into the WWE Hall of Fame in March 2010. Officials did not charge DiBiase with a crime related to this purchase because, Owens said, they do not believe he was not involved in processing the payment. Nancy New and her son, Zach New, stand accused of using the News’ non-profit, MCEC, to pay for DiBiase’s drug treatment using TANF funds. • Ted DiBiase’s Son Pleads Guilty In Largest Public Embezzlement Case In Mississippi History As noted before, WWE Hall of Famer “Million Dollar Man” Ted DiBiase’s son, Brett DiBiase (former WWE Developmetal Wrestler), was arrested in a multi-million dollar public embezzlement case in Mississippi earlier this year. JJ reported: He is the adopted son of wrestler "Iron" Mike DiBiase. He is the former pro wrestler charged within what @MSStateAuditor calls the largest public embezzlement case in state history. On Thursday, Brett DiBiase, also a retired wrestler, admitted to his role in defrauding Mississippi’s welfare agency. Why did a welfare organization pay $5 million to build a volleyball stadium? On February 17, 2007, they won the Fusion Pro Tag Team Championship by defeating Raheem Rashaad and Juntsi. This is the latest development within a broader embezzlement scheme that the state auditor’s office is calling the largest in state history. Ted DiBiase Jr. and his wife were less than a week away from finalizing the sale of their French colonial lakeside house when federal agents delivered paperwork to the person handling the sale Brett had a brief career with WWE which included an appearance at the Summerslam 2009 PPV. He is an actor and producer, known for WWE Smackdown! Brett DiBiase was once a development talent in WWE and is the son of WWE Hall of Famer Ted DiBiase. “Heart of David” had meager funds for three months until Ted’s son, Brett DiBiase, was hired as the deputy administrator at the Mississippi Department of Human Services. According to a report by WJTV, Brett DiBiase, the son of WWE legend Ted DiBiase, has been arrested in connection with an embezzlement scheme.. Special agents from the State Auditor arrested several people in what they are calling a multi-million dollar embezzlement scheme. Brett DiBiase, a former third-generation WWE Development wrestler, has pleaded guilty to fraud. See full bio » Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. There was an error and we couldn't process your subscription. The … Former DHS workers were accused of creating invoices for DiBiase's payments. Brett was a DHS employee. The Associated Press reported today that the United States Federal Government is seeking to seize the $1.5 million Madison, MS home of former WWE star Ted DiBiase Jr., the son of WWE Hall of Famer The Million Dollar Man Ted DiBiase. “You can’t make this case without some factual witnesses. This stems from an audit into the Mississippi Department of Human Services after arrests were made in February 2020 in one of the largest embezzlement … The charge deals with $48,000 he received under a contract with @MS_DHS for work he didn’t complete.In pleading guilty to fraud, conspiracy charge is dropped. As a nonprofit newsroom, we rely on donations from readers like you to power our work. The DiBiase brothers made their professional wrestling debut on July 8, 2006 for World League Wrestling (WLW), the promotion run by Harley Race in Eldon, Missouriin conjunction with the Wrestling Academy. Of the many questionable welfare recipients, only one person has voluntarily returned the money he or she received. FORMER WWE wrestler Brett DiBiase has been arrested on fraud and embezzlement charges following an eight-month investigation. By Ryan Satin Published Dec 03, 2015. The findings of the investigations revealed that DiBiase was paid money to facilitate classes about drug abuse. We believe that conversation — raw, earnest talking and listening to better understand each other — is vital to the future of Mississippi. This ministry was opened by DiBiase over 20 years ago. On Thursday, Brett DiBiase, also a retired wrestler, admitted to his role in defrauding Mississippi’s welfare agency. FORMER WWE wrestler Brett DiBiase has been arrested on fraud and embezzlement charges following an eight-month investigation. We think he’s a credible one.”. Ted DiBiase says he doesn't recall there ever being any kind of racism in wrestling, says he didn't send his son to train at OVW because the trainers were not former main eventers Ted DiBiase (Jr.) is a third-generation WWE Superstar who was born into luxury as the son of the "Million Dollar Man" Ted DiBiase.In WWE All Stars, the junior DiBiase is a downloadable character if the game was pre-ordered at GameStop, available as part of the Million Dollar Pack … As Brett DiBiase pleaded guilty to fraud, the conspiracy charge was dropped. Brett DiBiase, the son of the well-known former wrestler Ted DiBiase, is in hot water, arrested as part of a federal welfare scam in which $4 million was allegedly stolen that was supposed to … He was trained by the legendary wrestler/trainer Harley Race in Troy, Missouri. New, accused of the bulk of the theft, told reporters in November that someone directed her to make payments to the founder of Prevacus, but she would not say who. All of the alleged fraud occurred at the Mississippi Department of Human Services, an agency that answers to the governor’s office, under the administrations of Davis and former Gov. During his televised wrestling days, Mississippi’s famed “Million Dollar Man” Ted DiBiase adopted the phrase: “Every man has his price.” For his son, that price was $48,000. Ted Dibiase Jr. is the son of WWE Hall of Famer ‘The Million Dollar Man’ Ted Dibiase and the grandson to wrestlers ‘Iron’ Mike Dibiase and Helen Hild. WWE Hall Of Famer “Million Dollar Man” Ted DiBiase’s son Brett was recently connected in a huge fraud and embezzlement scheme. On Thursday, DiBiase presented a $5,000 check to the court — the first installment of his restitution and repayment of the $48,000. DiBiase and his older brother Mike DiBiase, received professional wrestling training from Chris Youngblood in Amarillo, Texas, before going to train at Harley Race's Wrestling Academy. 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