Alex Jones transferring assets to family and friends, evading payments to Sandy Hook families: NYT | The Hill
Infowars host Alex Jones has transferred millions of dollars’ worth of assets to family and friends, potentially shielding his wealth from the nearly $1.5 billion in legal damages he owes to the families of the Sandy Hook shooting victims, according to The New York Times.
Jones was ordered last fall to pay more than $1.4 billion in damages to the families of eight victims of the 2012 Sandy Hook school shooting, which left 20 young children and six adults dead. He was also ordered to pay another $50 million to the parents of a Sandy Hook victim in a separate Texas case.
The Infowars host was hit with multiple defamation lawsuits after he repeatedly suggested that the school shooting in Newton, Conn., was a “false flag” operation staged by the U.S. government. The families of the victims, who he accused of being actors, were threatened and harassed by his followers.
He filed for both personal and business bankruptcy within the last year as the damages piled up — a move that the Sandy Hook families have claimed is an effort to shield his assets from creditors.
His company Free Speech Systems, which filed for bankruptcy last July, was reportedly transferring tens of thousands of dollars to PQPR, a company owned by Jones and his parents, according to the Times.
Jones has 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 struck up business partnerships with several new companies created by his friends, the Times reported.
The Infowars host’s financial affairs largely remain unclear, with his lawyers claiming in a recent court filing that he doesn’t remember where he holds bank accounts, how many trusts he has set up or where his 2022 W-2 form is located, per the Times.
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Free Speech Systems
PQPR Holdings Limited
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