The Wall Street Journal reports that Vince McMahon retirement from WWE was hastened by new federal investigation into the hush money scandals.
The story adds that the Securities and Exchange Commission and federal prosecutors have launched inquiries into the hush money payments made to settle sexual misconduct allegations. Earlier today in their SEC filing, WWE alluded to investigations but they did not state a specific entity. WWE stated that they had received “regulatory, investigative and enforcement inquiries, subpoenas or demands” in connection with the hush money payments.
The Wall Street Journal report says they tried to reach out to spokespeople for McMahon and WWE but they did not immediately respond to requests to comment and a spokesman for the independent directors for the WWE board declined to comment. There was also no comment provided by the SEC and the spokesman for the U.S. attorney’s office in Connecticut.
McMahon left the company last Friday. Stephanie McMahon and Nick Khan are now co-CEO’s and Paul “Triple H” Levesque is the Head of Creative.
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Vince McMahon Under Federal Investigation
