Former WWE Chairman Vince McMahon was found in violation of the Securities Exchange Act by the Securities and Exchange Commission for failing to disclose settlement agreements with the WWE Board of Directors and ordered to pay a $400,000 penalty and reimburse WWE the sum of $1,330,915.90.
This stems from previous NDAs from 2019 and 2022 which had an effect on the reported WWE earnings, with the company overstating its 2018 net income by 8% and its 2021 net income by 1.7%.
This was not part of the 2024 investigation by the Southern District of New York which was investigating allegations of sex trafficking and sexual assault, but a separate investigation after the NDA stories came up in the media.
The full press release from the SEC was published today.
