TED DIBIASE JR has been found not guilty of all charges against him in his fraud trial.
The former WWE star, 43, had been accused of crimes including money laundering, theft, wire fraud and conspiracy.
The scandal had been said to involve $77m (£58m) in misappropriated funds, with DiBiase Jr alleged to have received $3m (£2m).
Prosecutors had argued that DiBiase Jr had used misappropriated funds for the down payment on a $1.4million (£1.05m) home, a $55,000 (£41,000) boat, a $40,000 (£30,000) truck and a $34,000 (£25,000) tractor.
And had he been found guilty, the retired wrestler would have been facing a 185-year jail sentence.
DiBiase Jr was first indicted three years ago.
The trial finally got underway on January 6 this year, but was subsequently delayed by more than a month due DiBiase’s lead defence attorney falling ill.
Closing arguments were made on Thursday.
And per the Clarion Ledger, jurors spent around four hours deliberating on Friday before coming up with their not guilty verdict.
After the trial concluded, a visibly emotional DiBiase told gathered reporters: “Seven years of being slandered and made to be something that is completely false, about tore my family apart. But we’re strong.
“I’m so thankful that it’s over.”
He then went on to add: “To all the doubters or haters or people that maybe had false information and not all the information, I forgive you, and I love you, too.”
Following the verdict, DiBiase Jr’s defence attorney Scott Gilbert added: “People need to understand everybody’s case is different.
“The facts for each of these other defendants who pled guilty are different from Teddy.
“They were not similarly situated at all. They all had a much broader base of knowledge and experience about these funds and how they were going to be used, and Teddy trusted those folks to guide him in the right direction. And unfortunately, it got him in a difficult spot.
“I’m sure there are plenty of things Teddy would do differently now, if he had the chance to do it again.”
