Wall Street Journal Reports McMahon Under Scrutiny
Is Vince McMahon under federal investigation? That’s the report coming from The Wall Street Journal:
New federal investigations into the deepening hush-money scandal enveloping World Wrestling Entertainment Inc. hastened the retirement of its chief executive, Vince McMahon, according to people familiar with the matter.
H/T Wall Street Journal
The media company said Monday that it has received “regulatory, investigative and enforcement inquiries, subpoenas or demands” in connection with millions of dollars in hush-money pacts.
H/T Wall Street Journal
Vince McMahon Under Federal Investigation? McMahon’s Woes Grow
Although Vince announced his retirement on 22 July after the New York Stock Exchange closed, the scandal is not going away.
Earlier today, it was noted that while McMahon described his exit as a “retirement” it was described on Wall Street as a resignation.
That was only the beginning as the WWE released a regulatory statement with disturbing news. Wrestling Observer/Figure Four Online’s Josh Nason noted:
Due to “certain unrecorded expenses” by Vince McMahon dating back to 2006, WWE announced Monday via a regulatory statement that they would restate several financial statements.The statements for 2019, 2020 and 2021 and the first quarter of 2022 would be revised. The expenses total $14.6 million which McMahon will pay back.
H/T Wrestling Observer Figure Four Online
The Vince McMahon sex scandal story continues to grow and WrestleLamia will continue following it.
What do you think of this latest development? Let us know in the comments below.
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