Friday, January 12, 2007

Former WWE Licensing Agent Admits Role In Kickbacks

3:53 PM EST, January 12, 2007
Associated Press

BRIDGEPORT, Conn. -- A former licensing agent for World Wrestling Entertainment admitted today to participating in a $1 million kickback scheme.

Stanley Shenker, 61, of New Canaan pleaded guilty in U.S. District Court in Bridgeport to conspiring to defraud WWE of honest services by paying about $1 million in kickbacks to a WWE insider.

Shenker was the sole corporate officer of Stanley Shenker and Associates, Inc., which provided licensing services to WWE. He admitted that he agreed with James Bell, WWE' senior vice president of licensing and merchandising, to defraud WWE by paying kickbacks to Bell for future business, and then concealing the secret payments from WWE. Click here for rest of article

Source: The Hartford Courant

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