The Mississippi Department of Human Services on Monday sued retired NFL quarterback Brett Favre and three former pro wrestlers along with several other people and businesses to try to recover millions of misspent welfare dollars that were intended to help some of the poorest people in the U.S.
The lawsuit says the defendants “squandered” more than $20 million in money from the Temporary Assistance for Needy Families anti-poverty program.
DiBiase is a defendant in the lawsuit filed Monday in Hinds County Circuit Court, as are his father and brother who were also pro wrestlers, Ted DiBiase Sr. and Ted “Teddy” DiBiase Jr. White said Favre was paid for speeches but did not show up. Favre has repaid the money, but White said in October that Favre still owed $228,000 in interest. In a Facebook post when he repaid the first $500,000, Favre said he did not know the money he received came from welfare funds. He also said his charity had provided millions of dollars to poor children in Mississippi and Wisconsin.
The lawsuit filed Monday said Favre at one time was the largest individual outside investor and stockholder of Prevacus, a Florida-based company that was trying to develop a concussion drug. The suit said that in December 2018, Favre urged Prevacus CEO Jake VanLandingham to ask Nancy New to use welfare grant money to invest in the company.
The Associated Press on Monday called a number once listed for Favre Enterprises and a recording said it was no longer in service.
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