Vince McMahon Settles SEC Charges, Faces New Allegations

Vince McMahon, former WWE CEO, has settled charges with the SEC for failing to disclose $10.5 million in payments to two women, made to keep allegations of sexual misconduct against him private. These agreements, made in 2019 and 2022, were not reported to WWE's board and led to financial misstatements in 2018 and 2021. McMahon agreed to pay a $400,000 civil penalty and reimburse WWE $1.3 million, without admitting or denying the SEC's findings. He described the issue as 'minor accounting errors' and expressed relief at closing the case after nearly three years of investigation. McMahon's actions forced him to step down from WWE in 2022, and he has been involved in other legal battles, including a lawsuit filed by former employee Janel Grant. Despite the resolution, McMahon continues to face allegations of sexual misconduct and trafficking.