On July 17, federal agents executed a search warrant on former WWE CEO Vince McMahon, as disclosed in the company’s quarterly Securities Exchange Commission (SEC) filing. Although no charges have been brought, McMahon was also issued a federal grand jury subpoena.
“We continue to fully cooperate with any investigation,” current CEO Nick Khan said during Wednesday’s investors call. “Outside of that we are not going to comment on any legal matter.”
This development comes nearly a year after McMahon stepped down as chairman and CEO, eventually retiring from the company amidst allegations of sexual misconduct. Reports also surfaced of him making payments of over $12 million to four women over a span of 16 years to conceal his improprieties. Federal authorities and the SEC initiated an investigation into McMahon in July 2022.
The allegations against McMahon involved a series of incidents, with payments allegedly made to silence women. These incidents included a $7.5 million payment in 2018 to a former wrestler who claimed McMahon coerced her into performing oral sex, leading to her demotion and non-renewal of her contract in 2005 after she refused further sexual encounters. Additionally, a $1 million payment was made in 2008 to a WWE contractor who reported that McMahon sent her unsolicited nude photos. Moreover, a $1 million payment was made in 2006 to a former 10-year WWE manager who stated that McMahon initiated a sexual relationship with her. Lastly, a $3 million payment was made in 2022 to a former paralegal who revealed having an affair with McMahon.