Former WWE impresario Vince McMahon agrees to settle allegations by the SEC that he paid millions in hush money to two women without telling his board.
The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation to charges that he failed to disclose payment agreements related to sexual assault charges.
The SEC says it has settled charges against former WWE CEO Vince McMahon over his failure to disclose that he signed two settlement agreements worth $10.5 million with two women in order for them not to reveal potential claims against himself and WWE.
"In the end, there was never anything more to this than minor accounting errors," McMahon says in a statement.
On Friday, January 10, 2025, the SEC (Securities and Exchange Commission) announcedit has settled charges against former WWE CEO Vince McMahon for failing to disclose two settlements made in 2019 and 2022 that he made on behalf of himself and WWE. As a result of the settlement, McMahon will have to pay over $1.7 million.
Embattled WWE founder and former CEO Vince McMahon has agreed to pay an astonishing amount of money to settle his federal hush-money case, ESPN reported.
Vince McMahon, the former World Wrestling Entertainment chief executive, settled U.S. Securities and Exchange Commission charges he concealed from the company's board two settlement agreements worth $10.
The Securities and Exchange Commission says that it has reached a settlement deal with former WWE CEO Vince McMahon relating to undisclosed payments to an employee and an independent contractor with whom he allegedly had relationships with. McMahon will pay a $400,000 civil penalty, and will reimburse the WWE more than $1.3 million.
Janel Grant, who is suing Vince McMahon for sexual abuse, misconduct, and human trafficking, issued a statement on McMahon's Friday SEC settlement regarding improper hush money payments.
Former WWE chairman, CEO and head of creative Vince McMahon reached a $1.7 million settlement with the Securities and Exchange Commission on Friday
Vince McMahon has settled with the SEC. In 2022, The Wall Street Journal reported that McMahon paid $12 million to suppress alleged sexual misconduct and infidelity over 16 years. WWE announced in November 2022 that their investigation into this alleged misconduct was complete.