-

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

TKO COO and President Mark Shapiro addresses WWE ticket prices and commercial integration in programming

Speaking on the conference call with investors following the Q1 2026 financial results, TKO Chief Operating Officer and President...

WWE announces 16 new dates for Raw and Smackdown TV tapings

WWE has announced 16 new dates for Raw and Smackdown this Summer. On Monday, June 29, WWE will tape both...

Irish Councillor to present case to government to bring WrestleMania to Ireland

Everyone wants WrestleMania in their city and now you can add the country of Ireland to the list as...

Discover more from Wrestling-Online.com

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

Continue reading