-

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.

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

NXT Battleground premium live event moving date and location

The @WrestleVotes X account is reporting that the NXT Battleground premium live event has been moved from May 26...

How Pin Up Kazino supports major sporting events and teams in Turkey

Online gambling has never been more popular than it is right now. "Her yeni gün, her ikisinde de kumar...

Dynamite rating for 03/27/2024

Dynamite this week drew just 747,000 viewers, down 53,000 viewers from the previous show and the least-watched episode on...

Discover more from Wrestling-Online.com

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

Continue reading