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Category: WWE
 

Former WWE licensing agent indicted

 

  Reported by: Colin Vassallo
Submitted on:
Jun 8, 2006 - 1:06:00 PM
 


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- A licensing agent who worked for WWE till mid 2000 was indicted on Tuesday on federal charges of paying about $1 million in kickbacks to a WWE executive for the right to license the company's merchandise. Stanley Shenker, who owned SS & Associates Inc., was charged with one count of conspiracy and three counts of interstate transportation of money obtained by fraud. He is accused of giving kickbacks to James Bell, the WWE's former senior vice president of licensing and merchandising. Bell was convicted last year after pleading guilty to mail fraud. He is awaiting sentencing. Prosecutors said Bell arranged for WWE's licensing agent to receive commissions on licensing agreements to which the company was not entitled. Bell would then get kickbacks from Shenker's company under the scheme, which took place between 1998 and 2000. If convicted, Shenker faces more than 10 years in prison and $7 million in fines.

 

 

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