Former CEO failed to disclose $10.5 million with WWE over settlements made to two former female employees of the wrestling company
Vince McMahon will pay $1.7 million to for failing to disclose two settlements he had with employees while he ran the WWE.
Former WWE executive Vince McMahon has reached a settlement with the Securities and Exchange Commission (SEC).
Nearly three years after the WWE investigated alleged hush money payments made by former CEO Vince McMahon, part of the saga is coming to an end. The SEC has reached a settlement with McMahon that will put part of his legal woes to rest in what has been an ongoing saga in his life for some time.
Former WWE chairman, CEO and head of creative Vince McMahon reached a $1.7 million settlement with the Securities and Exchange Commission on Friday
The case between the SEC and Vince McMahon is now closed. Vince McMahon was accused by the SEC of violating federal laws when he settled his personal sexual con
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 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.
World Wrestling Entertainment founder Vince McMahon will pay more than $1.7 million after he was accused of not disclosing payment agreements related to sexual misconduct with two women, officials said.
Vince McMahon failed to disclose signed agreements worth $10.5 million to keep two women from revealing potential claims against him or the WWE.
Billy Gunn had a Hall of Fame worthy WWE career, but he was never able to break past the tag team label. The Smoking Gunns, New Age Outlaws, Billy & Chuck, and a few other tag runs allowed Gunn to win the WWE Tag Team Championship ten times.