Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "” Thomas P"


3 mentions found


The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation to charges that he failed to disclose payment agreements related to sexual assault charges. The SEC said McMahon circumvented WWE internal accounting controls and caused material misstatements in the company’s 2018 and 2021 financial statements. He will pay a $400,000 civil penalty and reimburse WWE approximately $1,331,000. The SEC alleges McMahon failed to disclose one $3 million payment paid to a former WWE employee — and another $7.5 million paid to a female independent contractor — in exchange for their not filing claims against him. In 2022, the Wall Street Journal reported McMahon had paid $3 million to a former WWE employee to quash sexual assault allegations.
Persons: Vince McMahon, McMahon, ” Thomas P, Smith Jr, I’m, , Janel Grant, Linda McMahon, Vince McMahon’s, Donald Trump’s Organizations: Securities, Exchange Commission, Wrestling Entertainment, SEC, WWE, “ Company, New York Regional Office, DOJ, Wall Street
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.
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
Why We’re Challenging Biden’s Student-Debt Power Grab
  + stars: | 2023-02-28 | by ( Mike Hilgers | ) www.wsj.com   time to read: 1 min
Nebraska has challenged President Biden’s unilateral and unlawful discharge of hundreds of billions of dollars in student-loan debt. At stake is more than the $430 billion hole Mr. Biden’s plan would blow in the federal budget. “No country can be called free which is governed by an absolute power,” Thomas Paine wrote in 1776. The Founders realized the danger of vesting absolute power in one branch of government, and so they divided power into three branches. Legislation is passed in Congress, where a large and diverse nation’s elected representatives weigh in.
Total: 3