Vince McMahon, the co-founder and former CEO of WWE, has been charged by the U.S. Securities and Exchange Commission (SEC) for violating federal securities laws by failing to disclose two settlement agreements totaling $10.5 million.

Vince McMahon will pay $1.7 million to for failing to disclose two settlements he had with employees while he ran the WWE.

Former CEO failed to disclose $10.5 million with WWE over settlements made to two former female employees of the wrestling company

Vince McMahon, the former executive chairman and CEO of World Wrestling Entertainment, has agreed to pay $1.7 million in fines and restitution for violating U.S. securities laws, authorities said Friday.

The Securities and Exchange Commission said it reached a settlement agreement with WWE co-founder Vince McMahon, which requires he pay a civil penalty and reimburse the WWE $1.33 million following a yearslong probe over undisclosed settlements.

Vince McMahon, the former World Wrestling Entertainment chief executive, settled U.S. Securities and Exchange Commission charges he concealed from the company's board two settlement agreements worth $10.

Vince McMahon resigned as Chief Executive Officer and Chairman of the Board of WWE in June 2022 after being accused of misconduct

Vince McMahon has settled with the SEC. In 2022, The Wall Street Journal reported that McMahon paid $12 million to suppress alleged sexual misconduct and infidelity over 16 years. WWE announced in November 2022 that their investigation into this alleged misconduct was complete.

The Securities and Exchange Commission says that it has settled charges against former WWE CEO Vince McMahon over his failure to disclose to the sports entertainment company’s board and others that he signed two settlement agreements worth $10.

Nearly three years after the WWE investigated alleged hush money payments made by former CEO Vince McMahon, part of the saga is coming to an end. The SEC has reached a settlement with McMahon that will put part of his legal woes to rest in what has been an ongoing saga in his life for some time.

The Securities and Exchange Commission says that it has reached a settlement deal with former WWE CEO Vince McMahon relating to undisclosed payments to an employee and an independent contractor with whom he allegedly had relationships with. McMahon will pay a $400,000 civil penalty, and will reimburse the WWE more than $1.3 million.

Former WWE impresario Vince McMahon agrees to settle allegations by the SEC that he paid millions in hush money to two women without telling his board.