-

SEC and federal prosecutors launch inquiries into McMahon hush money payments

The Wall Street Journal is reporting that the Securities and Exchange Commission and federal prosecutors have launched inquiries into payments made by Vince McMahon to settle allegations of sexual misconduct.

Sources close to Vince told WSJ that he resigned from his position as CEO and Chairman on Friday after SEC and prosecutors turned up the heat on him and decided it would be best if he left now and spare the company he formed further embarrassment and bad publicity.

While WWE painted his departure as a retirement, documents files with the United States Securities and Exchange Commission show that he actually resigned.

WWE announced yesterday that it has received regulatory, investigative and enforcement inquiries, subpoenas or demands in connection with the Vince McMahon investigation.

WWE also said that they have $14.6 million in unrecorded expenses tied to McMahon, which he will have to personally pay.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Autopsy on Pac’s body performed by Cook County medical examiner

An autopsy on the body of Benjamin "Pac" Satterley was performed yesterday by the Cook County medical examiner. Results from...

Dwayne “The Rock” Johnson addresses the death of Benjamin “Pac” Satterley

Dwayne "The Rock" Johnson uploaded a three-and-a-half minute video on his social media addressing the death of Benjamin "Pac"...

NXT Live Holiday Tour announced for November and December

NXT is doing its own mini Live Holiday Tour, with six dates announced across November and December. The tour will...