"Vince McMahon Faces Subpoena in Sexual Misconduct Probe"

Vince McMahon, executive chairman of World Wrestling Entertainment (WWE), was subpoenaed and had a search warrant executed by federal law enforcement agents as part of an investigation into claims of sexual misconduct. The WWE was also demanded to hand over certain documents. McMahon has not been charged with a crime. The investigation is related to expenses the company disclosed, totaling $19.6 million, which were not reported by McMahon. He has denied allegations of sexual misconduct and has agreed to reimburse the company for its expenses related to the investigation. McMahon will retain his position as executive chairman at the new publicly traded company formed through a merger with Endeavor Group, the parent company of UFC.