Vince McMahon subpoenaed in sexual misconduct investigation


Share post:

New York

Federal law enforcement agents executed a search warrant and subpoenaed World Wrestling Entertainment executive chairman Vince McMahon last month as part of an investigation into claims of sexual misconduct, the company announced this week.

US regulators and federal agents also demanded that the WWE hand over certain documents. McMahon has not been charged with a crime. The WWE and McMahon did not immediately respond to a request for comment.

McMahon was forced to retire as CEO in July 2022, but remained the company’s majority shareholder. Following his departure, the WWE disclosed multiple expenses that McMahon hadn’t reported, totaling $19.6 million. That forced the company to revise its financial statements for 2019, 2020 and 2021.

Many of the payments are related to the company’s investigation of his alleged sexual misconduct, and the company’s board last year formed a special committee to investigate.

The Wall Street Journal in July 2022 reported McMahon paid tens of millions of dollars to four women to cover up “allegations of sexual misconduct and infidelity.” McMahon has denied the allegations.

McMahon in January returned to the company as a board member after a six-month hiatus. Upon his return, he agreed to reimburse the company for its expenses related to the investigation. So far, he has repaid the WWE $17.4 million, the company reported Wednesday.

In April, the company announced it is merging with Endeavor Group, the parent company of competitor UFC, to form a new publicly traded company. McMahon will retain his current WWE title of executive chairman at the new company.

Source link


Please enter your comment!
Please enter your name here


Related articles

10 Apple Watch options we’re ready for in 2023

Software program updates breathe new life into our gadgets with out essentially needing to improve their {hardware}. In...

Your guide to safer, faster, pain-free wound & skin healing

Redefining the care for wounds, scrapes, stings, bites or fungus - the power of herbal healing Do you recall...

Dog Friendly Hockey Games – 2023 / 2024 Season

Who doesn’t love finding new ways to have fun with their pup? Here’s an idea — support...

What to Do with Your Cat When You Travel

It’s summertime and you deserve...