CNN —
Vince McMahon agreed to pay $1.7 million to settle Securities and Exchange Commission charges over settlements he made on behalf of himself and World Wrestling Entertainment without properly disclosing them to the company’s board of directors, the SEC announced Friday.
McMahon, the former chief executive of WWE, made two settlement payments to women in 2019 and 2022 on behalf of himself and WWE without properly disclosing them to the WWE board of directors, legal department or accountants, the SEC said.
The undisclosed settlement payments caused issues with WWE’s financial accounting and disclosures,
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