The undisclosed settlement payments caused issues with WWE’s financial accounting and disclosures, the SEC added. In one of the undisclosed settlements, McMahon paid a former employee $3 million for her to agree not to disclose her relationship with McMahon or make claims against him or the WWE, the SEC said. In the other undisclosed settlement, McMahon paid an independent contractor $7.5 million for her not to disclose allegations against McMahon, the SEC said. “There was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE,” McMahon said in a statement. In January 2024, McMahon stepped down as chairman of TKO, WWE’s parent company, following allegations of sexual assault and trafficking.

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Persons: Vince McMahon, McMahon, ”, ” McMahon, “ I’m, ” Thomas P, Smith Jr, Linda, Donald Trump’s, Laura Brevetti, Linda McMahon, ” Brevetti, “ Ms, ” Jessica Rosenberg, Rosenberg, Rita Chatterton, “ Mr, Ms, Chatterton, ” Jerry McDevitt Organizations: CNN, Securities, Exchange Commission, World Wrestling Entertainment, SEC, WWE, TKO, “ Company, New York Regional, Education, Street