A report from PWInsider has made note of a recent hearing in regards to the case against Ted DiBiase Jr., who is charged with various counts of conspiracy, wire fraud, and theft.
In the hearing, a new date of July 16, 2024 was set for DiBiase Jr. to stand trial, with a pre-trial conference scheduled for June 21.
The indictment against DiBiase and his co-conspirators alleges them of fraudulently obtaining millions of dollars from federal funds intended for help needy families and low-income individuals in the state of Mississippi.
According to a release from the Department of Justice, DiBiase could face a maximum penalty of five years in prison if convicted on the count of conspiracy, a maximum of 20 years for each count of wire fraud, and a penalty of up to 10 years in prison for each count of theft and money laundering.
Source: Fightful