Companies run by a former professional wrestler received “sham contracts” in Mississippi and misspent millions of dollars of welfare money that was supposed to help some of the neediest people in the U.S., according to a new federal indictment.
The indictment of former wrestler Ted “Teddy” DiBiase Jr., 40, of Madison, Mississippi, was unsealed Thursday, two days after it was issued by a grand jury in Jackson. During a brief court appearance Thursday, he pleaded not guilty.
