Former WWE CEO Vince McMahon settles with SEC over undisclosed settlements with women

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Former WWE CEO Vince McMahon settles with SEC over undisclosed settlements with women

//media-entertainment.news-articles.net/content/ .. sec-over-undisclosed-settlements-with-women.html

Published in Media and Entertainment on Friday, January 10th 2025 at 12:44 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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 U.S. Securities and Exchange Commission (SEC) has charged Vince McMahon, the executive chairman of World Wrestling Entertainment (WWE), with failing to disclose $14.6 million in payments he made to settle allegations of sexual misconduct and infidelity. These payments, which were made between 2006 and 2022, were not properly recorded in WWE's financial statements, leading to charges of violating federal securities laws. McMahon, who has agreed to a cease-and-desist order, will pay a $1.7 million fine and is barred from serving as an officer or director of a public company for two years. The SEC's investigation revealed that McMahon used his influence to have these payments mischaracterized in WWE's books, thereby misleading investors about the company's financial health.

Read the Full Reuters Article at:
[ https://www.reuters.com/legal/us-sec-charges-vince-mcmahon-failure-disclose-settlement-agreements-2025-01-10/ ]

N※N

Former WWE CEO Vince McMahon settles with SEC over undisclosed settlements with women