Ex-WWE star Ted DiBiase Jr. purchased $1M home, boat with stolen welfare funds in Mississippi’s largest fraud case: prosecutors
By Nicholas Mcentyre
Published on March 19, 2026.
Ex-WWE star Ted DiBiase Jr. is accused of stealing millions of dollars in federal welfare funds in Mississippi's largest-ever public corruption scheme. Prosecutors allege that he used the funds to purchase a $1.4 million home, a $55,000 pontoon boat, and a $34,000 Kubota tractor. DiBiases, whose father is WWE legend 'Million Dollar Man', is facing decades in prison if convicted. The funds were distributed among two other co-conspirators, Christi Webb and Nancy New, who awarded "sham contracts" to different businesses. The State of Mississippi has sued 38 people to recover $24 million in misappropriated funds. The fraud scheme has netted an estimated $77 million.
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