Ultimate Warrior won't face criminal charges after allegedly bilking a memorabilia dealer out of valuable wrestling merch ... including ring-worn wrestling trunks -- this according to law enforcement.
TMZ broke the story ... a sports memorabilia dealer named Christopher Elias filed a police report last week, claiming he paid Warrior $28,000 for the giant merchandise collection ... but Warrior never anted up.
Now, a rep for the Sante Fe Sheriff Department tells TMZ, they investigated the matter and can’t determine whether any fraud took place.
As a result, police have deemed the merch dispute to be a civil matter -- and the courts can handle it from here out.
A rep for Warrior tells us, "The facts will speak for themselves once presented."
No Criminal Charges After
Alleged Man-Panty Heist
7/24/2012 12:40 AM PDT BY TMZ STAFF
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