Mississippi Is Attempting To Recoup Millions Of Dollars From DiBiases In A Welfare Fraud Case

Mississippi Is Attempting To Recoup Millions Of Dollars From DiBiases In A Welfare Fraud Case

WWE Hall of Famer Ted DiBiase & his sons are one of 38 parties being sued by the Mississippi Department of Human Services in an effort to recoup millions of dollars lost in the state’s largest welfare fraud case in history.

A forensic audit revealed the misappropriation of TANF funds. It claims that the MDHS and two non-profits, the Mississippi Community Education Center as well as the Family Resource Center, wrongfully paid $5,759,371.83 to DiBiase family, entities owned or used by DiBiase family members, or to entities owned and used by DiBiase members of the family.

The audit runs from January 1, 2016, to December 31, 2019. MDHS’s Executive Director at the time was John Davis. Davis and the DiBiase family had a very close relationship, according to the audit. It claims Davis showed favouritism to certain people and enterprises and wielded undue influence over payment transactions involving members of the DiBiase family. Davis was charged with 20 counts in the case.

The name DiBiase appears over 250 times in the audit. Ted DiBiase, Ted DiBiase Jr., and Brett DiBiase each received TANF funds. Heart of David Ministries, Priceless Ventures LLC, Familiae Orientem, Restore2 LLC, and Rise Malibu Training also received DiBiase family funds.

Heart of David Ministries was founded in 1997 by Ted DiBiase Sr. As per audit, Heart of David did receive a $1.5 million funding from MDHS despite having less than $200,000 in revenue prior to receiving funding.

Audit Details

Ted DiBiase Jr. managed the now-defunct Priceless Ventures LLC. According to the audit, it was formed in May 2017, less than one month before the first agreement, which resulted in a series of payments totaling more than $2 million. Auditors think the organisation was formed solely to pursue the contract with FRC.

According to the audit, Ted DiBiase Jr. also obtained $250,000 in August 2017. The inspection, however, claims that no agreement or related documents was provided for the payout.

According to MDHS representatives, Ted DiBiase Jr. worked in one of the largest offices in MDHS, which was next to John Davis’ office. According to the audit, it is unclear why DiBiase Jr. was using MDHS office space.

Ted DiBiase Jr. as a Familiae Orientem LLC member

Ted DiBiase Jr. was mentioned as a Familiae Orientem LLC member. According to the audit, it was formed in the state of Wyoming on June 25, 2018, the effective date of some other contract with FRC.

According to the audit, Brett DiBiase worked for MDHS from September 2017 to July 2019 and obtained more than $486,000. MDHS paid his firm, Restore2, LLC, $48,000 for opioid and substance addiction coaching. Nevertheless, according to the audit, the training never took place. For the advantage of Brett DiBiase, a total of $160,000 was paid to Rise Malibu, described in the audit as a luxury rehabilitation facility in Malibu, California.

According to the audit, Ted DiBiase Jr. and Brett DiBiase were also reimbursed for tens of thousands of dollars in expenses for first-class travel, high-end hotels, and expensive meals.

Brett DiBiase pleaded guilty to making a false statement in the case in December 2020.

Last October, Ted DiBiase Jr. and Brett DiBiase were ordered to repay misappropriated monies to the state of Mississippi. Ted DiBiase Jr. has been instructed to repay $3.9 million. Brett DiBiase was asked to pay $225,950 in restitution.

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Sheena Bhandari is a Pro Wrestling Editor and enthusiast, working here at Clout News.