Vince McMahon stepped away from WWE amid multiple investigations into a damning hush money scandal. The 77-year-old allegedly paid millions to former WWE employees he had physical relations with as hush money.
The Wall Street Journal is now reporting that Vince McMahon paid $5 million to former U.S. President Donald Trump’s charity in 2007 and 2009. WWE found out the sum has not been recorded as company expenses.
The findings were disclosed in a public filing on Tuesday. It is worth mentioning that the additional sums are said to be connected to Trump and not part of McMahon’s series of alleged pay-offs to women for nondisclosure agreements.
According to IRS filings, WWE spent a total of exactly $5 million in contributions to the Donald J. Trump Foundation in the same two years, 2007 and 2009. The records indicate the contributions came from WWE, and use its headquarters address, with no specific person named; the latest years-old comments from WWE’s media relations attributed the donations to Vince McMahon and his wife Linda McMahon, personally.
WWE previously noted that the investigation into the former CEO’s hush money scandal would cost the company around $10 million. McMahon had already named Stephanie McMahon and Nick Khan as co-CEO’s. Let’s see what’s next for the former WWE chief.
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