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Federal Agents Execute Search Warrant on WWE Boss Vince McMahon Amidst Ongoing Sexual Misconduct Investigation

McMahon Goes on Medical Leave After Spinal Surgery, WWE Cooperates with Authorities

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World Wrestling Entertainment (WWE) Chairman Vince McMahon has been served with a federal grand jury subpoena and was subject to a search warrant executed by federal law enforcement agents last month. These actions mark an escalation in an ongoing investigation into allegations that McMahon paid millions of dollars to women after being accused of sexual misconduct.

In response to the developments, WWE disclosed that McMahon has gone on medical leave after undergoing major spinal surgery. His leave commenced on July 21, and he will remain on leave until further notice while continuing to serve as the Executive Chairman of the company, as reported in the quarterly filing with the Securities and Exchange Commission.

WWE has expressed cooperation with the investigation, believing the subpoena and search warrant are part of a continuation of an inquiry that began last summer. The company fully understands and respects the government’s need for a thorough investigative process.

In a statement to CNBC, McMahon maintained his denial of any intentional wrongdoing and expressed confidence that the investigation would not uncover any evidence of such misconduct.

The search warrant and subpoena were issued on July 17, exactly a year after news first broke about federal prosecutors and the SEC investigating WWE and McMahon over his payments to women.

It’s worth noting that WWE has received both voluntary and compulsory legal demands for documents from various federal law enforcement and regulatory agencies concerning the investigation and related matters.

Vince McMahon’s wife, Linda, who previously served as CEO of WWE, held a position in former President Donald Trump’s Cabinet as administrator of the U.S. Small Business Administration.

These developments come in the wake of WWE’s recent agreement to merge with rival UFC, forming a new publicly traded company controlled by Endeavor Group, with the deal expected to close in the latter half of this year.

During the three and six months ended June 30, WWE incurred significant expenses related to a separate investigation conducted by a special committee appointed by the company’s board. McMahon has agreed to reimburse WWE for these expenses, and to date, he has paid approximately $17.4 million.

The Special Committee’s investigation concluded in the fourth quarter of 2022, but other government investigations related to the matter remain ongoing, as stated in WWE’s filing.

Morgan Snyder

Morgan Snyder is a highly respected senior correspondent for Los Angeles Magazine. With over 20 years of experience in the field of journalism, Morgan is known for his insightful reporting and in-depth analysis of local and national issues.

Morgan began his career as a staff writer for a small newspaper in his hometown before moving to Los Angeles to pursue his dream of becoming a correspondent. He quickly made a name for himself in the industry, earning praise for his coverage of everything from politics and crime to culture and entertainment.

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