Vince McMahon: Federal agents executed a search warrant on ex-WWE CEO Vince McMahon on July 17, according to the company’s recent SEC filing. McMahon, who retired a year ago amid allegations of sexual misconduct and paying over $12 million to silence four women over 16 years, also received a federal grand jury subpoena. The news has sent shockwaves throughout the wrestling industry, just days ahead of one of the company’s biggest events of the year, SummerSlam 2023.
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Search Warrant Issued For WWE Chairman Vince McMahon
An investigation by federal authorities and the SEC was initiated in July 2022. No charges have been filed so far.
McMahon, who has been at the helm of the WWE for decades, is also taking medical leave following major spinal surgery.
The duration of his leave was not specified, but WWE CEO Nick Khan announced the news in a statement on Wednesday.
Last year, The Wall Street Journal reported that the WWE was investigating an alleged $3 million payment from McMahon to a departing female employee following an alleged affair.
The WWE has not commented further on the investigation or the recent developments surrounding McMahon.
However, SummerSlam is one of the WWE’s biggest pay-per-view events, and it is scheduled to take place on August 6, 2023, at the Allegiant Stadium in Las Vegas.
In conclusion, the recent developments involving Vince McMahon and the WWE have sent shockwaves throughout the wrestling industry. McMahon’s medical leave and the ongoing government investigations have raised concerns about the company’s future and the impact on its upcoming events, including SummerSlam. The WWE has not commented further on the matter, but fans and industry insiders will be closely
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