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Vince McMahon issues statement on SEC investigation

Vince McMahon issued a statement through Edendale Strategies, the crisis management company he engaged, following the SEC investigation where he was found in violation of the Securities Exchange Act over unreported NDAs paid with WWE money.

“The case is closed. Today ends nearly three years of investigation by different governmental agencies. There has been a great deal of speculation about what exactly the government was investigating and what the outcome would be. As today’s resolution shows, much of that speculation was misguided and misleading,” McMahon wrote in the statement.

“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 while I was CEO of WWE. I’m thrilled that I can now put all this behind me.”

McMahon’s settlement with the SEC will see him pay a $400,000 fine and reimburse WWE a total of $1,330,915.90.


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Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

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