Alex Jones transferring assets to family and friends, avoiding payments to Sandy Hook families: NYT
Infowars host Alex Jones has transferred millions of dollars in assets to his family and friends, potentially protecting his fortune from the nearly $1.5 billion in damages he owes the families of the victims of the Sandy Hook shooting, according to the New York Times.
Jones was ordered last fall to pay more than $1.4 billion in damages to the families of the eight victims of the 2012 Sandy Hook school shooting, which left 20 young children and six adults dead. . He was also ordered to pay an additional $50 million to the parents of a Sandy Hook victim in a separate case in Texas.
The Infowars host has been the subject of several libel lawsuits after he repeatedly suggested that the shooting at a school in Newton, Connecticut was a “false flag” operation organized by the US government. The families of the victims, whom he accuses of being actors, have been threatened and harassed by his supporters.
He filed for personal and business bankruptcy over the past year as damages piled up – a move the Sandy Hook families said was an effort to protect his assets from creditors.
His company Free Speech Systems, which filed for bankruptcy last July, allegedly transferred tens of thousands of dollars to PQPR, a company owned by Jones and his parents, according to the Times.
Jones also transferred a $3 million property to his wife and continues to transfer other real estate assets to family members, including an adult son, and has entered into business partnerships with several new companies started by his friends, reported the Times.
The Infowars host’s financial affairs remain largely unclear, with his lawyers claiming in a recent court filing that he doesn’t remember where he holds bank accounts, how many trusts he created or where his form is. W-2 2022, according to the Times.
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