- Alex Jones testified that $11,000 a day was transferred to an alleged shell company he owned in late 2021, according to testimony by a forensic economist.
- A jury ordered Jones to pay $45.2 million in punitive damages for claiming that the shooting of Sandy Hook was a hoax.
- The criminal economist testified that Jones took advantage of his debts by making him look worse than he really was.
Infowars host Alex Jones began funneling $11,000 a day into an alleged shell company he controls, according to a forensic economist testimony Friday, around late 2021. Responsibility found by default In several defamation suits brought by parents of children murdered at Sandy Hook Elementary School.
A jury this week was tasked with deliberating how much Jones should pay in damages to Neil Heslin and Scarlett Lewis – two parents who sued Jones for defamation over his false allegations that the school shooting was a government-orchestrated hoax.
After the dramatic trial, the jury ordered Jones to pay more than $4 million in damages — a fraction of the $150 million requested by Heslin and Lewis. During the trial, Jones claimed that any amount over $2 million would “sink” his Infowars channel, but the judge who presided over the defamation damages hearing cut him off. The jury eventually ordered Jones to pay $45.2 million in punitive damages.
On Friday, the jury heard testimony regarding Jones’ financial standing as it continued to assess punitive damages against him — with the goal of deterring similar behavior in the future.
Bernard Pettingell, a forensic economist who testified during the defamation compensation hearing, said Jones’ net worth was unclear due to the lack of information he provided during the litigation.
The forensic economist estimated that Infowars average revenue of $53 million annually, and estimated 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, Pettingill said Jones’s $53 million debt to another company owned by Jones makes him look like he’s in deep financial trouble when in reality he isn’t.
“We can’t put a finger on what he does for a living, how he actually makes his money,” Bitengel said, but added that Jones is a “very successful man.”
Pettingill also claimed that the Infowars host was transferring $11,000 a day to a shell company he controlled, with Payments begin late September 2021. According to documents I obtained, he was found presumably responsible for defamation cases in Texas around the same time HuffPost on September 30, 2021.
Jones’ attorney disputed the claim and said it was a real company that matures when Jones turns 74.