Monday 21 November 2022 10:53 PM Alex Jones is accused of moving millions to shield his wealth from Sandy Hook ... trends now
Conspiracy theorist Alex Jones has been accused of shifting millions of dollars ahead of court judgements against him, in moves that could potentially shield his wealth from the families of Sandy Hook victims who sued him.
Ahead of recent court judgements against Jones totaling nearly $1.5 billion, the radio host began moving funds out of his company, Free Speech Systems, and into other companies controlled by him or those close to him, the Washington Post reported on Monday.
In one case, Free Speech Systems signed some $55 million in promissory notes for claimed debts to PQPR Holdings, a company controlled by Jones' dentist father, according to the Post report citing financial statements, depositions and other court records.
The debt tipped Free Speech Systems into bankruptcy, and means that PQPR Holdings will be a major creditor in line to collect from Jones' firm, potentially ahead of the Sandy Hook families in bankruptcy court.
Conspiracy theorist Alex Jones has been accused of shifting millions of dollars ahead of court judgements against him, in moves that could potentially shield his wealth
Plaintiffs and their attorney react following the jury verdict and reading of monetary damages in the Alex Jones defamation trial last month
An attorney for Jones has said that the debt Free Speech Systems owed PQPR Holdings accrued due to sloppy bookkeeping, after PQPR bought tens of millions of supplements for Jones to sell on his radio show.
Free Speech Systems filed for bankruptcy in Texas in July. Some experts doubt the move will offer much protection for Jones' assets, even if he is not able to pay the full judgments against him.
The Sandy Hook families have intervened in the bankruptcy case, urging a judge to freeze Free Speech Systems' assets and investigate its finances.
They claim
