I believe Vince Goodrum is 100% correct here... In the early 70's, Ric Draisin was married with two young kids to support. He needed money and at that time his wrestling and other ventures were probably not even to support the family. So he does some gay 4 pay stuff (cock sucking, rimming, face sitting, schmoe posing etc) here and there for easy cash..... he's not the first one to go down that path..... Once that gets out his family life is over. So he gets blackmailed to do even more and more sleazy stuff to avoid being outed.
At this point in his life, who cares? he's an old man. I sent him a PM through Facebook a while back asking him about it and he never replied and I was blocked by him. I noticed a lot of his videos after that had comments turned off so he is obviously ashamed by it. Very very embarassing.