Vince McMahon issued a statement following the SEC investigation where he was found in violation of the Securities Exchange Act over unreported NDAs paid with WWE money.
“The case is closed. Today ends nearly three years of investigation by different governmental agencies. There has been a great deal of speculation about what exactly the government was investigating and what the outcome would be. As today’s resolution shows, much of that speculation was misguided and misleading,” McMahon wrote in the statement.
“In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE. I’m thrilled that I can now put all this behind me.”
McMahon’s settlement with the SEC will see him pay a $400,000 fine and reimburse WWE a total of $1,330,915.90.
