[Breaking News] LCW Chairman of the Board Christian Calaway Under SEC Investigation

LegendsChampionshipWrestling.com has just learned that LCW Chairman of the Board Christian Calaway is now officially under investigation from the U.S. Securities and Exchange Commission (SEC). While it's not known at this time what the investigation pertains to, a representative from the SEC said that no charges have been filed and the investigation is only preliminary.

Representatives from the SEC have been unsuccessfully attemping to contact Calaway all week and even went to LCW Headquarters in Sacramento, CA, on Wednesday in an attempt to contact the Chairman in person as seen on this week's edition of LCW Showdown. Calaway exited the building before SEC officials could reach him.

Calaway was scheduled to return home to Atlanta, GA, where he is believed to be now. However, calls to his home and cell phone have gone unanswered and unreturned. Calaway's secretary informed LegendsChampionshipWrestling.com that the Chairman had planned to be at his home in Atlanta until the LCW Redemtpion Day pay-per-view this Sunday in Kansas City, MO.

This week on LCW Showdown, LCW announcer Bill Mercer attempted to condut an interview with Calaway about the future of Legends Championship Wrestling. That video footage has been secured by SEC officials and is currently under review as it shows Calaway talking with someone on his cell phone and saying to that person, “It’s just a misunderstand,” and that, “Everything will be all right.” Many belive that he was refering to the current SEC investigation. Later in the show, Calaway was seen shredding documents in his office which an SEC representative later said, "Seems very suspicious." The representative also noted that his hasty exit from LCW Headquarters on Wednesday also seemed suspicious.

"We've been trying to contact him and his lawyers all week, so if he didn't know about the investigation he doesn't check his voicemail," said the SEC representative.

Stay tuned to LegendsChampionshipWrestling.com as we'll have more on this story as it continues to unfold.