Vince McMahon has settled his charges with Securities and Exchange Commission (S.E.C.) over undisclosed money payments he made to women in 2019 and 2022 during his time as CEO of World Wrestling Entertainment.
The former executive has agreed to pay up $1.7 million as part of the settlement deal.
“The case is closed. Today ends nearly three years of investigation by different governmental agencies,” McMahon said in a statement obtained by TheWrap. “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.”