This article contains the details on the settlement agreement between Vince McMahon and the SEC for claims of defrauding WWE.

Nearly three years after the WWE investigated alleged hush money payments made by former CEO Vince McMahon, part of the saga is coming to an end. The SEC has reached a settlement with McMahon that will put part of his legal woes to rest in what has been an ongoing saga in his life for some time.

Former WWE impresario Vince McMahon agrees to settle allegations by the SEC that he paid millions in hush money to two women without telling his board.

Former WWE boss Vince McMahon has agreed a settlement worth around $1.7million regarding hush money payments.

The Securities and Exchange Commission says that it has reached a settlement deal with former WWE CEO Vince McMahon relating to undisclosed payments to an employee and an independent contractor with whom he allegedly had relationships with. McMahon will pay a $400,000 civil penalty, and will reimburse the WWE more than $1.3 million.

The SEC says it has settled charges against former WWE CEO Vince McMahon over his failure to disclose that he signed two settlement agreements worth $10.5 million with two women in order for them not to reveal potential claims against himself and WWE.

"In the end, there was never anything more to this than minor accounting errors," McMahon says in a statement.

Vince McMahon, the billionaire former wrestling executive, was indicted on Friday on charges of failing to disclose to World Wrestling Entertainment two settlement agreements he executed on the company's behalf,

Vince McMahon, the former executive chairman and CEO of World Wrestling Entertainment, has agreed to pay $1.7 million in fines and restitution for violating U.S. securities laws, authorities said Friday.

As part of a settlement agreement, McMahon agreed to pay a $400,000 civil penalty and reimburse WWE approximately $1.33 million. Vince McMahon, who left his longtime perch at WWE under a cloud last year,