Former WWE Superstar Ted DiBiase Jr., who had been undergoing a trial for several charges at the Thad Cochran Federal Courthouse, was found not guilty by a Mississippi jury.
The verdict was delivered yesterday after four hours of deliberation.
DiBiase Jr was facing one count of conspiracy to commit wire fraud and to commit theft concerning programs receiving federal funds, six counts of wire fraud, two counts of theft concerning programs receiving federal funds and four counts of money laundering.
His worst case scenario saw him spending a maximum 45 years in prison and pay $1,000,000 in fines.
The charges were filed by the U.S. Department of Justice in April 2023, accusing the former WWE Tag Team champion with misappropriating millions of dollars in federal safety-net funds intended for needy families and low-income individuals in Mississippi.
He worked for WWE between 2007 and 2013.
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