Vince McMahon, the CEO of World Wrestling Entertainment and husband of current US Senate candidate Linda McMahon, has been mired in controversy ever since The Wall Street Journal revealed that his company may have violated campaign finance laws by making illegal contributions to get their preferred candidate elected. What is the consequence of this if true? What do these fines mean for Vince McMahon? How will this affect his family’s political career? Why should you care? This scandalous truth about Vince McMahon’s hush payments will provide all the answers to your questions.

WWE Revealed $14.6 Million in Unrecorded Expenses Incurred by McMahon

WWE Revealed $14.6 Million in Unrecorded Expenses Incurred by McMahon
Image Source: Pehal News

In a new report from The Wall Street Journal, the Securities and Exchange Commission and federal prosecutors are investigating whether World Wrestling Entertainment CEO Vince McMahon made payments to settle allegations of sexual misconduct.WWE revealed $14.6 million in previously unrecorded expenses paid by McMahon, who announced his retirement Friday. In addition, the company indicated that the misconduct allegations, already the subject of a board-approved independent review, are being investigated by other agencies, but it declined to specify which ones. The Wall Street Journal reported that these federal investigations had induced McMahon to resign from the company. WWE’s largest shareholder, McMahon, is 76 and holds approximately 32% of the company. CNBC has contacted WWE for comment.

In Addition to The Earnings Report For The Second Quarter WWE

In Addition to The Earnings Report For The Second Quarter WWE
Image Source: Wrestling Inc.

According to reports, McMahon allegedly paid women nearly $15 million from 2006 to this year to ensure their silence about alleged affairs and misconduct. As part of its second-quarter earnings report, WWE will show the unrecorded expenses in its updated financial reports for 2019 2020, and 2021, as well as this year’s first WWE was scheduled to report its earnings on Aug. 9 but the revisions could delay that.WWE’s shares rose more than 8% to reach a new 52-week high Monday, as investors became more optimistic about a possible sale. So far this year, the stock is up 45%, outpacing the S&P 500, which is down more than 16% in 2022.