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  1. #301
    Guest Member S Landreth's Avatar
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    Alex Jones transferring assets to family and friends, evading payments to Sandy Hook families: NYT

    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.
    Keep your friends close and your enemies closer.

  2. #302
    5 4 Knoll
    david44's Avatar
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    Quote Originally Posted by S Landreth View Post
    he doesn’t remember where he holds bank accounts
    yeh...

    good post Landy the worm is wriggling

  3. #303
    Thailand Expat DrWilly's Avatar
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    The worm is wriggling. But the paper trial will be evident and he will be made to pay his pound of flesh. As he should.

  4. #304
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    I wonder who told him that this would work. Ah, hang on . . . didn't Thaksin make his gardener a paper-multi-millionaire to conceal his wealth? Or was that his sister?

  5. #305
    Guest Member S Landreth's Avatar
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    Conspiracy theorist Alex Jones cannot use his personal bankruptcy to escape paying at least $1.1 billion in defamation damages stemming from his repeated lies about the 2012 Sandy Hook elementary school massacre, a U.S. bankruptcy judge ruled Thursday.

    Bankruptcy can be used to wipe out debts and legal judgments, but not if they result from "willful or malicious injury" caused by the debtor, according to a decision by U.S. Bankruptcy Judge Christopher Lopez in Houston, Texas.

    Courts in Connecticut and Texas have already ruled that Jones intentionally defamed relatives of school children killed in the mass shooting, and they have ordered Jones to pay $1.5 billion in damages.

    Lopez ruled that more than $1.1 billion of those verdicts, awarded for defamation and intentional infliction of emotional distress, cannot be wiped away in bankruptcy. But he ruled that other parts of the verdicts, including $324 million in attorneys' fees that were awarded as punitive damages in the Connecticut case, could possibly be discharged.

    It was not clear whether those punitive damages were attributable to "willful" and "malicious" lies, or whether they could instead be attributed to merely "reckless" conduct, Lopez wrote. Lopez said he will hold a trial to sort out the precise amount of the damages that could be discharged.

    Attorneys for Jones and the Sandy Hook families did not immediately respond to a request for comment.

  6. #306
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    ^^ Couldn't happen to a nicer guy.....

  7. #307
    Thailand Expat misskit's Avatar
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    Hopefully he’ll end up living in a tent at his local homeless encampment.

  8. #308
    Guest Member S Landreth's Avatar
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    ^in Connecticut

  9. #309
    Guest Member S Landreth's Avatar
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    Sandy Hook Elementary School shooting victims’ families proposed that conspiracy theorist Alex Jones wind up his bankruptcy by paying creditors at least $85 million over 10 years or undergo an orderly liquidation.

    The Sandy Hook families, along with an official committee of Jones’ creditors, argued in court papers Wednesday that the 11-month-long bankruptcy case for the right-wing radio host should be brought to a close by February. The creditors laid out a dual-option proposal in light of what they say is Jones’ failure to advance a viable way out of Chapter 11 while continuing to enjoy an extravagant lifestyle costing up to $90,000 a month.

    The plan, as described to the U.S. Bankruptcy Court for the Southern District of Texas, would allow Jones to undergo an orderly liquidation of his assets or adhere to a 10-year fixed-payment plan with distributions of at least $8.5 million a year. Under the fixed-payment plan, the creditors would agree to release their roughly $1.5 billion in state court judgment awards stemming from Jones’ repeated lies that the 2012 massacre of elementary school students and teachers was a hoax.

    Both options contemplate preserving causes of actions against third parties affiliated with Jones and his "Infowars" program.

    “The time has come for Jones to choose whether he is willing to pay his creditors a reasonable portion of what they are owed or would prefer to remain embroiled in costly and time-consuming litigation for years to come,” the group said. “Whatever alternative Jones chooses, the Creditors’ Plan provides a clear path out of the quagmire of these cases.”

    Sandy Hook families blast Alex Jones amid bankruptcy battle: ‘His time is up’

  10. #310
    Thailand Expat DrWilly's Avatar
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    Jesus, allowing that POS to enjoy a $90,000 per month lifestyle doesn’t seem just or fair…

  11. #311
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    He's entitled to his own opinion. Don't know why he has to pay anything.

  12. #312
    Guest Member S Landreth's Avatar
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    Quote Originally Posted by spliff View Post
    He's entitled to his own opinion. Don't know why he has to pay anything.

    Quote Originally Posted by S Landreth View Post
    awarded for defamation and intentional infliction of emotional distress,........including $324 million in attorneys' fees that were awarded as punitive damages in the Connecticut case

  13. #313
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  14. #314
    Guest Member S Landreth's Avatar
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    Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle that debt for only pennies on the dollar — at least $85 million over 10 years.

    The offer was made in Jones’ personal bankruptcy case in Houston last week. In a legal filing, lawyers for the families said they believed the proposal was a viable way to help resolve the bankruptcy reorganization cases of both Jones and his company, Free Speech Systems.

    But in the sharply worded document, the attorneys continued to accuse the Infowars host of failing to curb his personal spending and “extravagant lifestyle,” failing to preserve the value of his holdings, refusing to sell assets and failing to produce certain financial documents.

    “Jones has failed in every way to serve as the fiduciary mandated by the Bankruptcy Code in exchange for the breathing spell he has enjoyed for almost a year. His time is up,” lawyers for the Sandy Hook families wrote.

    The families’ lawyers offered Jones two options: either liquidate his estate and give the proceeds to creditors or pay them at least $8.5 million a year for 10 years — plus 50 percent of any income over $9 million per year.

    During a court hearing in Houston, Jones’ personal bankruptcy lawyer, Vickie Driver, suggested Monday that the $85 million, 10-year settlement offer was too high and unrealistic for Jones to pay.

    “There are no financials that will ever show that Mr. Jones ever made that ... in 10 years,” she said.

    In a new bankruptcy plan filed on Nov. 18, Free Speech Systems said it could afford to pay creditors about $4 million a year, down from an estimate earlier this year of $7 million to $10 million annually. The company said it expected to make about $19.2 million next year from selling the dietary supplements, clothing and other merchandise Jones promotes on his shows, while operating expenses including salaries would total about $14.3 million.

    Personally, Jones listed about $13 million in total assets in his most recent financial statements filed with the bankruptcy court, including about $856,000 in various bank accounts.

    Under the bankruptcy case orders, Jones had been receiving a salary of $20,000 every two weeks, or $520,000 a year. But this month, a court-appointed restructuring officer upped Jones’ pay to about $57,700 biweekly, or $1.5 million a year, saying he has been “grossly” underpaid for how vital he is to the media company.

    Bankruptcy Judge Christopher Lopez on Monday rejected the $1.5 million salary, saying the pay raise didn’t appear to have been made properly under bankruptcy laws and a hearing needed to be held.

    If Jones doesn’t accept the families’ offer, Lopez would determine how much he would pay the families and other creditors.

    After 20 children and six educators were killed by a gunman at Sandy Hook Elementary School in Newtown, Connecticut, on Dec. 14, 2012, Jones repeatedly said on his show that the shooting never happened and was staged in an effort to tighten gun laws.

    Relatives, of many but not all, of the Sandy Hook victims sued Jones in Connecticut and Texas, winning nearly $1.5 billion in judgments against him. In October, Lopez ruled that Jones could not use bankruptcy protection to avoid paying more than $1.1 billon of that debt.

  15. #315
    Guest Member S Landreth's Avatar
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    The conspiracy theorist Alex Jones has proposed to pay $55m over 10 years to the Sandy Hook families who sued him for spreading lies that the 2012 school massacre in Connecticut, one of the worst in American history, was a hoax.

    The offer came after a Texas judge ruled that Jones, the host of Infowars, could not use bankruptcy protection to dodge the nearly $1.5bn he was ordered to pay to the victims’ families, who suffered abuse and threats from believers of Jones’s lies.

    According to the 30-page plan submitted on Friday, Jones offered to pay a lump sum of at least $5.5m a year, to be shared among the plaintiffs. The payment would also be accompanied by a percentage of his personal annual revenue, and a slice of Infowars revenue. His debt would be considered satisfied after 10 years.

    “This is the first time that Alex Jones has revealed any sort of plan to pay the families back for the harm he caused them,” said Avi Moshenberg, a lawyer for family members who sued Jones in Texas.

    In November, the families’ lawyers proposed a settlement of at least $8.5m annually for 10 years.

    The new plan filed with the US bankruptcy court for the southern district of Texas requires court approval. Final hearings in the case are scheduled for late February.

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