-

Vince McMahon issues statement on SEC investigation

Vince McMahon issued a statement following the SEC investigation where he was found in violation of the Securities Exchange Act over unreported NDAs paid with WWE money.

“The case is closed. Today ends nearly three years of investigation by different governmental agencies. There has been a great deal of speculation about what exactly the government was investigating and what the outcome would be. As today’s resolution shows, much of that speculation was misguided and misleading,” McMahon wrote in the statement.

“In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE. I’m thrilled that I can now put all this behind me.”

McMahon’s settlement with the SEC will see him pay a $400,000 fine and reimburse WWE a total of $1,330,915.90.


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

John Cena gets covered in whipped cream on The Tonight Show with Jimmy Fallon

John Cena appeared on The Tonight Show with Jimmy Fallon last night and played Drop Quiz with the host. Both...

25% discount offer on tickets for Raw at Allstate Arena in Rosemont on July 6

WWE and the Allstate Arena in Rosemont are running a 25% discount offer for Father's Day for the July...

Genshin Impact character tier list: what makes a character S-tier and how to evaluate pull value before a banner

Genshin Impact is a lot of fun, but it is also a serious time and resource commitment. Unless you...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading