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Vince McMahon recently addressed the public after settling a $1.7 million case with the Securities and Exchange Commission. It appears that his bold post did not set well with everyone on X, especially those who are in control of the site’s moderation system.
In his statement, Vince McMahon said, “The case is closed. Today ends nearly three years of investigation by different governmental agencies. There has been a great deal of speculation about what exactly the government was investigating and what the outcome would be. As today’s resolution shows, much of that speculation was misguided and misleading.”
Vince McMahon also minimized the allegations, stating, “In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE. I’m thrilled that I can now put all this behind me.”
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People criticized him for being misleading by saying “case closed,” as the settlement only resolved the non-payment case and not any potential criminal matters.
X’s community notes was quick to slap Vince McMahon’s post with a disclaimer. In response to the former Chairman of the Board’s boastful proclamation of innocence, X’s community guides team said, “Vince McMahon settled with the SEC without admiting/denying its findings, this was exclusively about the hush money charges. Janel Grant’s civil suit will go forward and use these findings as evidence according to her attorney.“
The settlement resolves allegations that Vince McMahon failed to disclose payments related to sexual assault claims, including $3 million to a former WWE employee and $7.5 million to a female independent contractor. The SEC determined that McMahon bypassed WWE’s internal accounting controls, causing inaccuracies in financial reports for 2018 and 2021. As part of the agreement, McMahon neither admitted nor denied the claims.
We will have to see what is next with his ongoing lawsuit with Janel Grant, who is suing him for trafficking and sexual abuse. That case is not going away for McMahon, and Ringside News will keep an eye on that story for any developments.
What's your take on Vince Mc Mahon's victory lap amid this recent settlement? Please share your thoughts and feedback in the comment section below.
