Investigators say McMahon made millions of dollars in hush money payments to women but didn't disclose doing so to WWE. The payments came to light in 2022. WWE later merged with Ultimate Fighting Championship, creating TKO. Credit: Michelle Farsi/Zuffa LLC/Getty ImagesSEC Puts Beat Down on Ex-Wrestling CEO Vince McMahon for Not Reporting Settlements
"In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago when I was CEO of WWE," McMahon said on social media.
January 10, 2025 at 03:01 PM
3 minute read
Corporate executives beware: If you strike a settlement agreement without reporting it to your company, federal regulators may give you a beatdown and then finish you off with a double suplex.
Just ask former World Wrestling Entertainment Chairman and CEO Vince McMahon. He will pay a $400,000 civil penalty and reimburse his former company $1.33 million to resolve a federal complaint that he paid hush money to a former employee and a contractor but failed to report the expenses to WWE.
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