The wrestling entrepreneur settled charges he failed to properly disclose payments to women alleging sexual misconduct.

Vince McMahon, the former chief executive officer of World Wrestling Entertainment Inc., hid settlements he negotiated with a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021,

The Securities and Exchange Commission says that it has settled charges against former WWE CEO Vince McMahon over his failure to disclose to the sports entertainment company's board and others that he signed two settlement agreements worth $10.5 million with two women in order for them not to reveal potential claims against himself and WWE.

Vince McMahon resigned last year as TKO Group Holdings executive chairman after a former WWE employee sued him for alleged sexual assault and trafficking.

Vince McMahon, the former chief executive officer of World Wrestling Entertainment Inc., hid settlements he negotiated with a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021,

The Securities and Exchange Commission on Friday morning announced settled charges against Vince McMahon, the former Executive Chairman and CEO of World Wrestling Entertainment Inc.

The Securities and Exchange Commission says that it has reached a settlement deal with former WWE CEO Vince McMahon relating to undisclosed payments to an employee and an independent contractor with whom he allegedly had relationships with. McMahon will pay a $400,000 civil penalty, and will reimburse the WWE more than $1.3 million.

The Securities and Exchange Commission said Friday it has charged Vince McMahon, the former top boss of World Wrestling Entertainment, for not disclosing two personal settlements made by him, which caused material misstatements in WWE’s 2018 and 2021 financial reports.