Vince McMahon resigned last year as TKO Group Holdings executive chairman after a former WWE employee sued him for alleged sexual assault and trafficking.

The SEC says it has settled charges against former WWE CEO Vince McMahon over his failure to disclose that he signed two settlement agreements worth $10.5 million with two women in order for them not to reveal potential claims against himself and WWE.

McMahon stepped down as executive chairman of WWE’s parent company. Grace Harrington. Breaking News Intern.

Vince McMahon, the former chief executive officer of World Wrestling Entertainment Inc., hid settlements he negotiated with a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021,

World Wrestling Entertainment founder Vince McMahon will pay more than $1.7 million after he was accused of not disclosing payment agreements related to sexual misconduct with two women, officials said.

After being charged with failing to disclose his settlement agreements with his Board, Vince McMahon has agreed to a settlement with the SEC. McMahon will pay a $400,000 civil penalty and

CNBC first reported the news of McMahon resolving the charges. The SEC says McMahon agreed to pay a $400,000 civil penalty and reimburse the WWE $1.33 million after consenting to an order finding that he violated the Securities Exchange Act.

The Securities and Exchange Commission on Friday morning announced settled charges against Vince McMahon, the former Executive Chairman and CEO of World Wrestling Entertainment Inc.

The former head of World Wrestling Entertainment has reportedly settled with the SEC and will pay a fine and reimburse WWE for the funds uses.

JBL thinks Vince McMahon made a positive difference to the wrestling business. The former WWE Chairman bought the company from his father in 1982 and transformed the wrestling business. He went back on all his agreements and began dismantling the territory system and taking the WWE national.