Home News Technology Federal prosecutors, SEC probing ex-WWE CEO Vince McMahon hush bills

Federal prosecutors, SEC probing ex-WWE CEO Vince McMahon hush bills

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WWE Chairman and CEO Vince McMahon speaks at a information convention saying the WWE Community on the 2014 World CES in Las Vegas.

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The Securities and Trade Fee and federal prosecutors have introduced probes into bills made by way of World Wrestling Entertainment CEO Vince McMahon to settle allegations of sexual misconduct, according to a new report from the Wall Street Journal.

The WWE on Monday disclosed $14.6 million in in the past unrecorded bills paid in my opinion by way of McMahon, who announced his retirement Friday. The corporate additionally hinted that the misconduct allegations, already the topic of an ongoing unbiased evaluation, are under investigation by other entities, however didn’t specify which businesses.

In step with the Wall Boulevard Magazine, those federal investigations into McMahon hastened his retirement from the corporate. McMahon, 76, is the most important shareholder within the corporate, with an roughly 32% stake.

CNBC has reached out to the WWE for remark.

McMahon allegedly paid just about $15 million to girls from 2006 thru this yr to make sure their silence over alleged affairs and misconduct. The WWE mentioned it could replicate the unrecorded bills in up to date studies for 2019, 2020 and 2021, in addition to this yr’s first quarter, when it studies second-quarter profits.

The corporate was once set to document Aug. 9, however the revisions may extend that, WWE mentioned.

Read the full report from the Wall Street Journal.

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