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Friday, December 1, 2023

WWE’s Vince McMahon served grand-jury subpoena


We will indeed be talking about this for a long time.

We’ll certainly be speaking about this for a very long time.
Screenshot: CNBC

After greater than a 12 months 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 keeping with an organization disclosure. The submitting made by way of the Securities and Alternate Fee is the most recent chapter within the ongoing investigation into cash McMahon allegedly paid to quash sexual harassment claims during the last 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 towards 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 acquired calls for for paperwork associated to the investigation as a part of the submitting. “We imagine this can be a continuation of the investigation that commenced final summer season. WWE has cooperated all through and totally understands and respects the federal government’s want for an entire course of,” the corporate’s assertion learn.

The Wall Avenue 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 inner investigation into McMahon was accomplished late final 12 months. 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 dropped at gentle final July, however returned to the corporate months later. “In 2022, WWE fashioned a particular committee to evaluate allegations of misconduct towards me,” McMahon mentioned in an announcement. “That evaluate was concluded in November 2022 following an intensive investigation. All through this expertise, I’ve at all times denied any intentional wrongdoing and proceed to take action. I’m assured that the federal government’s investigation will likely be resolved with none findings of wrongdoing.”


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