WWE News

Ted DiBiase & Sons Ordered To Repay $4.8 Million In Misspent Welfare

Million Dollar Man Ted DiBiase

WWE Hall of Famer Ted DiBiase and two of his sons have been ordered to repay almost five million dollars of misspent welfare money.

In early 2020 it was reported that Brett DiBiase, son of Ted DiBiase was one of six people arrested as part of an investigation into a embezzlement scheme regarding welfare funds for the state of Mississippi. At the time of his arrest Brett had been working as deputy administrator at the Mississippi Department of Human Services.

This was followed recently by State Auditor Shad White sending out letters ordering the money to be repaid.

A new report from Mississippi Today has now revealed the names of those involved and how much they owe the state.

Former WWE Superstar Ted DiBiase Jr must repay $3.9 million, while his father the “Million Dollar Man” has been ordered to pay $722,299. The sum comes from funds his Christian ministry received to purportedly provide help to underprivileged teenagers.

Brett DiBiase, who stands as one of only two people to plead guilty in relation to the scheme, has been told to pay $225,950.

Meanwhile, NFL Hall of Famer Brett Favre has been ordered to pay $828,000.

Ted DiBiase began his wrestling career in 1974, later enjoying stints with WWE and WCW. It was during his time in WWE in 1987 where he began performing as his most famous persona “The Million Dollar Man.”

It was a character which spawned the Million Dollar Championship as well as his own stable, and still remains popular to this day.

DiBiase was inducted into the WWE Hall of Fame in 2010. The former King of the Ring was recently back in the WWE spotlight appearing on NXT in a storyline featuring Cameron Grimes, LA Knight, and the reintroduced Million Dollar Championship.

Ted DiBiase Jr also spent time with WWE, appearing with the company from 2007 until 2013.