A forensic economist testified that Alex Jones began transferring $11,000 a day to an alleged shell company in late 2021.
A jury ordered Jones to pay $45.2 million in fines for claiming the Sandy Hook shooting was a hoax.
Forensic economists testified that Jones took advantage of his debt and made it look like it was worse than it really was.
Infowars host Alex Jones began transferring $11,000 a day to an alleged shell company he controlled, a forensic economist testified Friday, sometime around the end of 2021. was found liable by default In multiple defamation lawsuits filed by parents of children killed at Sandy Hook Elementary School.
This week A jury was tasked with deliberating. How much damages should Jones pay to Neal Heslin and Scarlett Lewis — two parents who sued Jones for defamation over his false claims that the school shooting was a government hoax?
after the A dramatic trial, the jury ordered Jones to pay more than $4 million in compensatory damages — a fraction of the $150 million requested by Haslin and Lewis. During the trial, Jones claimed that anything over $2 million would “sink” their channel Infowars., but the judge presiding over the defamation damages hearing cut it off. The jury ultimately ordered Jones to pay. $45.2 million in punitive damages.
On Friday, the jury heard testimony regarding Jones’ financial status as they continued to assess punitive damages against him – intended to deter similar behavior in the future.
Bernard Pettingale, a forensic economist who testified during the defamation damages hearing, said Jones’ net worth was unclear because of how little information he provided during the litigation.
Forensic Economist estimated that Infowars’ revenue averaged $53 million a year and put the net worth of Jones and his company, Free Speech Systems, at $135 million to $270 million. While Free Speech Systems filed for bankruptcy last week, Pettingale said Jones’ $53 million debt to another Jones-owned company made it look like he was in deep financial trouble when it really wasn’t. is in trouble.
“We can’t really put our finger on what he does for a living, how he actually makes his money,” Pettingale said, but added that Jones is “a very successful man.”
Pettingale also claimed that the Infowars host was spending $11,000 a day in a shell company he controlled. Payments begin at the end of September 2021.. He was also found liable by default in Texas defamation cases at the same time, according to documents obtained. HuffPost on September 30, 2021.
Jones’ attorney disputed the claim, saying it was a real company that matured when Jones turned 74.
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