After greater than a yr entangled with an alleged hush-payment scandal, WWE government chairman Vince McMahon had a federal grand jury subpoena executed on him by means of federal legislation enforcement brokers and a search warrant final month, in keeping with an organization disclosure. The submitting made by means of the Securities and Trade Fee is the most recent chapter within the ongoing investigation into cash McMahon allegedly paid to quash sexual harassment claims over the past 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 expenses 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 consider this can be a continuation of the investigation that commenced final summer time. WWE has cooperated all through and totally understands and respects the federal government’s want for a whole course of,” the corporate’s assertion learn.
The Wall Road 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 yr. 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 delivered to mild final July, however returned to the corporate months later. “In 2022, WWE fashioned a particular committee to evaluate allegations of misconduct towards me,” McMahon stated in a press release. “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 probably be resolved with none findings of wrongdoing.”