Vince McMahon Paid $5 Million to Trump’s Charity

Vince Mcmahon Paid $5 Million To Trump'S Charity - Medium

Contributions totaling $5 million to Donald Trump’s charity in 2007 and 2009 were among $19.6 million in unrecorded company expenses Vince McMahon paid out before he stepped down from World Wrestling Entertainment Inc. amid misconduct allegations, an internal board investigation found.

In securities filings this month, WWE said that the roughly $20 million that came out of Mr. McMahon’s pocket should have been disclosed, because the transactions benefited the company he ran. While the bulk of the payments went to women who accused Mr. McMahon and another WWE executive of sexual misconduct, the company said in the filings that the $5 million was unrelated to such allegations but didn’t state its purpose.

Continue Reading →

This article was written by and originally published on www.wsj.com