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 administrative charges.

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.

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.

WASHINGTON/NEW YORK (Reuters) - 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 $10.5 million with women who had potential claims against him.

On Friday, January 10, 2025, the SEC (Securities and Exchange Commission) announcedit has settled charges against former WWE CEO Vince McMahon for failing to disclose two settlements made in 2019 and 2022 that he made on behalf of himself and WWE. As a result of the settlement, McMahon will have to pay over $1.7 million.

Just days after World Wrestling Entertainment debuted to impressive viewership numbers on Netflix, the founder and former head honcho of the company, Vince McMahon, cast a bit of a pall on all the good news.

The Securities and Exchange Commission says that it has settled charges against former World Wrestling Entertainment (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.

Vince McMahon resigned last year as TKO Group Holdings executive chairman after a former WWE employee sued him for alleged sexual assault and trafficking.

McMahon settled SEC charges for bypassing WWE’s controls, causing financial misstatements and undisclosed payments.

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.

Vince McMahon, the former chief executive of World Wrestling Entertainment, agreed to pay more than $1.7 million to settle U.S. Securities and Exchange Commission charges he signed

As reported by NTV (and spotted by TheGamer ), Fumihiro Otobe, a 58-year-old Japanese man, was arrested for allegedly violating trademark law by selling "an illegally modified Nintendo Switch" online. This is apparently the first arrest in Japan relating to the sale of an illegally modified Switch.