Current:Home > InvestFastexy:Vince McMahon subpoenaed by federal agents, on medical leave due to surgery -AssetLink
Fastexy:Vince McMahon subpoenaed by federal agents, on medical leave due to surgery
Algosensey Quantitative Think Tank Center View
Date:2025-04-11 03:45:42
WWE executive chairman Vince McMahon was served a federal grand jury subpoena last month after a search warrant by federal law enforcement agents,Fastexy according to a regulatory filing.
Government investigations are still ongoing, but there are no charges filed yet against McMahon, the WWE said in its filing with the Securities and Exchange Commission. McMahon is currently on medical leave after having spinal surgery last week.
This is the newest development in a saga that dates back to last year after a Wall Street Journal report. The story said that the WWE was investigating a $3 million payment made from McMahon to a female employee regarding a consensual affair. WWE completed an investigation into the allegations last year.
“We believe this is a continuation of the investigation that commenced last summer. WWE has cooperated throughout and fully understands and respects the government’s need for a complete process," the company said in a statement to USA Today on Tuesday.
Federal law enforcement and regulatory agencies have made legal demands for documents from the WWE relating to the investigation, according to the Associated Press. It's currently unclear if the WWE has made those documents available.
“In 2022, WWE formed a special committee to review allegations of misconduct against me. That review was concluded in November 2022 following an extensive investigation," McMahon said in a statement. "Throughout this experience, I have always denied any intentional wrongdoing and continue to do so. I am confident that the government’s investigation will be resolved without any findings of wrongdoing. I am focused on completing the recovery process from my recent spinal surgery and on closing our transaction with Endeavor, which will create one of the preeminent global sports and entertainment brands.”
It's been a busy last year for McMahon.
He initially resigned following the Wall Street Journal's report, making his daughter, Stephanie, the interim CEO. A month later he announced his retirement entirely from the WWE and named Stephanie and Nick Khan the new co-CEOs. McMahon then unretired in January 2023 and become executive chairman.
Less than three months later, WWE and Endeavor, the parent company of UFC, merged to form a $21.4 billion dollar company. McMahon sold the company to Endeavor Group Holdings Inc., which now holds a 51% stake. The remaining 49% is owned by WWE stakeholders.
The WWE has its main event SummerSlam on August 5. It also announced on Tuesday that WrestleMania 39 generated $215 million for the Los Angeles region.
veryGood! (272)
Related
- A South Texas lawmaker’s 15
- Namibian President Hage Geingob, anti-apartheid activist turned statesman, dies at age 82
- Bob Beckwith, FDNY firefighter in iconic 9/11 photo with President George W. Bush, dies at 91
- Summer House Star Paige DeSorbo Shares the $8 Beauty Product She’s Used Since High School
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Kyle Shanahan: 'I was serious' about pursuing Tom Brady as 49ers' QB for 2023 season
- Sabrina Carpenter and Saltburn Star Barry Keoghan Cozy Up During Grammys 2024 After-Party
- Sheryl Swoopes' incorrect digs at Caitlin Clark an example of old-fashioned player hatin'
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- Brawl between migrants and police in New York’s Times Square touches off backlash
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Apple TV+ special 'Snoopy Presents: Welcome Home, Franklin' flips a script 50-years deep: What to know
- Tennessee governor pitches school voucher expansion as state revenues stagnate
- Executive Producer of Eras Tour, Baz Halpin, is mastermind behind Vegas Show 'Awakening'
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Super Bowl overtime rules: What to know if NFL's biggest game has tie after regulation
- Eagles to host 2024 Week 1 game in Brazil, host teams for international games released
- Police confirm names of five players charged in Hockey Canada sexual assault scandal
Recommendation
Boy who wandered away from his 5th birthday party found dead in canal, police say
Celine Dion makes rare appearance at Grammys after stiff-person syndrome diagnosis, presenting award to Taylor Swift
Border bill supporters combat misleading claims that it would let in more migrants
Deadly shark attacks doubled in 2023, with disproportionate number in one country, new report finds
Kehlani Responds to Hurtful Accusation She’s in a Cult
'The Conners': Premiere date, cast, trailer, what to know about new season
Appeals court weighs whether to let stand Biden’s approval of Willow oil project in Alaska
'Vanderpump' star Ariana Madix sees 'Chicago' musical break record after Broadway debut