November 27, 2022
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5:38Now PlayingAlex Jones, host of Infowars, is clearly shuffling around millions of dollars in an effort to keep money away from the Sandy Hook school parents who won millions of dollars from Jones in the Sandy Hook trial. John Iadarola and Jordan Uhl break it down on The Damage Report.
Read more here:
Sandy Hook families sued Alex Jones. Then he started moving money around.
"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."
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