Home WWE SEC and federal prosecutors launch inquiries into McMahon hush money payments

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.

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