-

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

Saudi Arabia’s Public Investment Fund to keep funding TKO events

TKO Chief Operating Officer and President Mark Shapiro announced yesterday that their partners in Saudi Arabia will not be...

The digital front row: how fans track wrestling odds

When the betting lines for WrestleMania 42 shifted suddenly, the internet didn't just notice – it went into a...

John Cena says Backlash announcement will “shock the very foundation of WWE”

In a video posted on his X account, John Cena said that the major announcement he will make tomorrow...

Discover more from Wrestling-Online.com

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

Continue reading