Sandy Hook families sued Alex Jones. Then he started moving money around.

[Nevilledog]

https://www.washingtonpost.com/investigations/2022/11/21/alex-jones-sandy-hook-lawsuit/

No paywall
https://archive.ph/oNTgR

Alex Jones was losing in court.

Parents of children killed at Sandy Hook Elementary School had sued him and his media company for defamation after he repeatedly claimed the 2012 massacre in Connecticut was a hoax. Fans of the Infowars host had harassed and threatened grieving families. By the summer of 2020, two of the lawsuits weren’t going his way.

As the potential for damages mounted, Jones began moving millions of dollars out of his company, Free Speech Systems, and into companies controlled by himself, friends or relatives, according to a Washington Post review of financial statements, depositions and other court records. The transfers potentially put those funds out of reach of the Sandy Hook plaintiffs.

Between August 2020 and November 2021, Free Speech Systems signed promissory notes — essentially IOUs — for $55 million to cover what it said were past debts to a company called PQPR Holdings that Jones owns with his parents, according to financial records filed in court by Jones’s attorneys. PQPR, which is managed by Jones’s father, a dentist, had bought tens of millions of dollars in supplements for Jones that he then sold on his show, the records say. A lawyer for Free Speech systems has said in court that the debt accrued unnoticed due to sloppy bookkeeping.

This year, Jones started paying his personal trainer $100,000 a week to help ship supplements and other merchandise, a Free Speech Systems attorney said in court. A company managed by Jones’s sister and listed as a “supplier or vendor” was paid $240,000, financial records show.

*snip*

[SoCalDavidS]

1. He'll Pay As Much Of The Award Settlement As OJ Paid To Fred Goldman

The judgement could just as well have been $2 Billion. That's why our so-called "justice" system is a Fucking Joke if you know how to work it.

People post about how he'll go bankrupt and be destitute. LOL. It's like these people are living in a different country.