After greater than a yr entangled with an alleged hush-payment scandal, WWE government chairman Vince McMahon had a federal grand jury subpoena executed on him by way of federal legislation enforcement brokers and a search warrant final month, in response to an organization disclosure. The submitting made by way of the Securities and Exchange Commission is the most recent chapter within the ongoing investigation into cash McMahon allegedly paid to quash sexual harassment claims over the past a number of years.
WWE acknowledged the subpoena within the submitting, additionally stating McMahon is on medical go away after main spinal surgical procedure on July 21. The submitting additionally reiterated that whereas the federal government investigation into McMahon and the funds are ongoing, no prices have been introduced in opposition to the 77-year-old. WWE CEO Nick Khan didn’t present additional touch upon the matter throughout an earnings name Wednesday, per a WWE spokesperson.
A WWE assertion learn that the corporate obtained calls for for paperwork associated to the investigation as a part of the submitting. “We believe this is a continuation of the investigation that commenced last summer. WWE has cooperated throughout and fully understands and respects the government’s need for a complete process,” the corporate’s assertion learn.
The Wall Street Journal first broke the information final June that WWE had began an investigation on an alleged $3 million cost from McMahon following an alleged affair. The inside investigation into McMahon was accomplished late final yr. The final reported quantity of alleged hush-payment cash given out by McMahon was round $12 million. McMahon initially resigned from the corporate after funds have been delivered to mild final July, however returned to the corporate months later. “In 2022, WWE formed a special committee to review allegations of misconduct against me,” McMahon stated in an announcement. “That review was concluded in November 2022 following an extensive investigation. Throughout this experience, I have always denied any intentional wrongdoing and continue to do so. I am confident that the government’s investigation will be resolved without any findings of wrongdoing.”
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