Posted in : AEW , Sports , TV| Tagged : Vince McMahon , squirm
Former WWE Chairman Vince McMahon settled an SEC hush money probe , but a criminal probe and civil cause loom . What ’s next for the embattled wrestle mogul ?
Former World Wrestling Entertainment ( WWE ) ChairmanVince McMahonhas accomplish a colony with the Securities and Exchange Commission ( SEC ) regarding an probe into hush money payments made during his tenure at the company to multiple woman accuse him of intimate wrongdoing . As part of the accord , McMahon will pay a $ 400,000 all right to the SEC and reimburse WWE $ 1.3 million for companionship funds used to ease these payments .
This liquidation mark a significant development in a saga that has captivated the professional grappling existence for nearly three years . The controversy began in 2022 when McMahon wascompelled to retirefrom his billet at WWE keep an eye on an internal investigating into alleged hush money payments made to multiple women . Despite this blow , McMahonorchestrated a return to powerin 2023 , help the sale of WWE to Endeavor and its subsequent amalgamation with the Ultimate Fighting Championship ( UFC ) under the TKO Group Holdings umbrella .
However , McMahon ’s triumphant tax return was suddenly - lived . In January 2024 , former WWE employeeJanel Grantfiled a lawsuitaccusing McMahon of intimate trafficking , contumely , and rape . The lawsuit named McMahon , former WWE school principal of gift relationsJohn Laurinaitis , and WWE itself as suspect . In the wake of these allegations , McMahonresigned from all rolesat WWE and TKO Group Holdings . McMahon denies the allegement .
The lawsuit conduce to a federal investigation into McMahon , focalise on mission of sexual assault and sex trafficking . In May 2024 , Grantagreed to pause her civil lawsuitin respect to this ongoing federal investigation . At the time , Grant ’s lawyer , Ann Callis , stated , " Ms. Grant has consented to a request by the US Attorney for the Southern District of New York to stick around her suit against Mr. McMahon , WWE and Mr. Laurinaitis , pursuant to a pending non - public probe . "
The case is closed in . Today ends nearly three years of investigation by dissimilar governmental agencies . There has been a bully deal of speculation about what on the button the regime was investigating and what the outcome would be . As today ’s resolution shows , much of that guess was mistaken and misleading .
In the death , there was never anything more to this than pocket-sized accounting mistake with heed to some personal payment that I made several year ago while I was CEO of WWE . I ’m thrilled that I can now put all this behind me .
SEC official Thomas P. Smith Jr. also gloss on the settlement , state , " Company executives can not figure into material accord on behalf of the company they serve well and deduct that entropy from the company ’s control functions and attender . "
Despite McMahon ’s assertion that the causa is closed , it is significant to take note that the Union criminal investigation into alleged sexual practice trafficking and Grant ’s civil suit remain unresolved . Grant ’s lawyer , Ann Callis , issued a statement emphasizing this point :
During his prison term chair WWE , Vince McMahon acted as if rules did not apply to him , and now we have substantiation that he repeatedly broke the police to cover up his horrifying behavior , including human trafficking . The SEC ’s charges prove that the NDA Vince McMahon coerce Ms. Grant into signing violates the law , and therefore her subject must be heard in Margaret Court . While prosecuting officer for the Southern District of New York continue their deplorable investigation , we look forward to bringing forward new grounds in our civil case about the sexual development Ms. Grant endured at WWE by Vince McMahon and John Laurinaitis .
The resolution of the SEC investigation lay out a significant milestone in the ongoing legal saga surrounding Vince McMahon . However , it is clean that the former WWE chairman ’s legal hassle are far from over . The pending criminal investigation and civic causa keep to puke a phantom over McMahon ’s bequest in the professional rassling industry .
In an ironic twist of circumstances , McMahon becomes the second WWE Hall of Famer to pilot effectual challenges today . Former President and current President - Elect Donald Trump , also a WWE Hall of Fame inductee , received an " flat discharge " in the sentencing for his New York State hush - money case . This means Trump will face no extra penalties , although his felony conviction stand .
As this complex legal place keep to unfold , the professional wrestling community of interests and the all-embracing public will doubtless be watch closely . The outcome of the ongoing investigations and sound proceeding could have far - reaching deduction for McMahon , WWE , and the industry as a whole .
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