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WWE legend Million Dollar Man Ted DiBiase’s son Brett arrested in huge ‘multi-million dollar’ embezzlement operation


FORMER WWE wrestler Brett DiBiase has been arrested on fraud and embezzlement charges following an eight month investigation.

The 31-year-old - son of WWE legend Ted DiBiase - was charged along with five other people after being accused of being part of a multi-million dollar embezzlement scheme.

WJTV first broke the news of the arrests, with Mississippi State Auditor Shad White since coming out and releasing a statement.

He said: "The funds that were illegally obtained in this case were intended to help the poorest among us.

"The funds were instead taken by a group of influential people for their own benefit, and the scheme is massive. It ends today."

During the investigation by auditors, they found that there was a conspiracy to obtain 'millions in public funds from the Temporary Assistance for Needy Families (TANF)' programme.

It has been stated that DiBiase - who was released from the WWE in 2011 due to on-going knee injuries - was paid with welfare funds for teaching classes about drug use.

The funds that were illegally obtained in this case were intended to help the poorest among us."

Mississippi State Auditor Shad White

Former Director of the Mississippi Department of Human Services John Davis and ex-DHS employee Latimer Smith stand accused of fraudulently manufacturing documents where they are alleged to have created invoices to pay DiBiase using TANF funds.

But the ex-Florida Championship Wrestling star never actually performed the services, with David and Smith aware that DiBiase wouldn't be able to do the job.

It has been claimed that he was actually in a luxury rehabilitation facility in California where he was being treated for an opioid addiction at the Rise in Malibu centre.

Dr Nancy New - owner and Director of the Mississippi Community Education Center - and her son Zach New stand accused of using TANF funds to pay for DiBiase's treatment.

They are also alleged to have transferred millions in TANF funds to their private businesses.

According to State Auditor White, it is the largest public embezzlement case in state history.

If convicted on all counts, those charged face "hundreds of years in prison".

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