Alex Jones Accused of 'Jaw-Dropping' Scheme to Hide Money From Sandy Hook Families
Source: Yahoo
... plaintiffs for Sandy Hook families suing Jones allege that hes doomsday prepped his own business ahead of hefty legal judgments, illicitly moving money out of InfoWars into shell companies to avoid paying his victims.
...
On paper, InfoWars parent company Free Speech Systems seems to lose money every year. Yet Jones has allegedly transferred significant amounts out of the companyfinancial transactions that often coincide with legal setbacks Jones has faced in the Sandy Hook cases. After the families sued him in 2018, for example, Jones allegedly started personally withdrawing a total of $18 million from the Free Speech Systems bank account over three years, along with drawing an annual $600,000 salary.
Many of the suspicious transfers center on a mysterious company called PQPR, which the plaintiffs claim is controlled by Jones and his family members. Shortly after Jones lost his last appeal to block the defamation cases in Texas, PQPR claimed that Free Speech Systems owed it $54 millionalmost all of InfoWars assets.
Free Speech Systems began transferring its money to PQPR, then onto a series of shell corporations controlled by other Jones family members, according to the motion
Read more: https://www.yahoo.com/news/alex-jones-accused-jaw-dropping-160251301.html
Thomas Hurt
(13,903 posts)He isn't going to stop until he is in prison or dead.
Crowman2009
(2,495 posts)Acid and cocaine are not good combinations. At least that is what I assume he consumes on a daily basis.
ShazzieB
(16,399 posts)and just say the world will be a better place when that happens.
Ray Bruns
(4,097 posts)dalton99a
(81,488 posts)KS Toronado
(17,235 posts)and then the Judge takes every penny they can find plus more so that
Jones has to liquidate all his assets at auction.
DanieRains
(4,619 posts)Taking $11 Billion From Perdue Dope Dealing Pharma So They Could Go Bankrupt And No Pay Victims.
Rich dope dealers always get away.....
leftieNanner
(15,100 posts)Have you read Empire of Pain? Shocking book - non-fiction that reads like a novel. It tells the whole story of the Sackler family. Truly terrible people. And the final chapter of the book tells how the Trump administration let them off the hook.
bucolic_frolic
(43,161 posts)But, you know, I'm no lawyer.
Bernardo de La Paz
(49,001 posts)Deacon Blue
(252 posts)I AM a lawyer who has pursued many deadbeats/debtors using this very powerful statute. More downthread.
Initech
(100,076 posts)The sooner he's removed from society the better!
momta
(4,079 posts)A monstrous mass of merde.
A flabby festering fuckwad.
A putrid piece of poop.
I don't have enough words to describe how much I hate him, and I have an English degree!
Marthe48
(16,959 posts)suss out those paper trails. Help nail this heartless bastard. Thanks in advance
maxsolomon
(33,345 posts)Our laws allow these machinations. They are written by and for the Wealthy.
Midnight Writer
(21,765 posts)a tangle of shell corporations, each of which will themselves fight the judgement.
Even if Jones loses, the fight for his money can carry on for years.
gaskinite
(73 posts)Even if the courts bankrupt him, he will become a hundred times more wealthy as a result.
He will benefit from this.
Darkstar53142
(71 posts)...don't they freeze people's assets to prevent this type of thing?
Deacon Blue
(252 posts)demmiblue
(36,852 posts)Grins
(7,217 posts)The iron bars of his prison cell.
calimary
(81,267 posts)If ANYBODY deserves it, this thieving mercenary hate monger does!
NoMoreRepugs
(9,425 posts)CaptainTruth
(6,591 posts)If he's moving money around like this I'm betting he's also not paying taxes on his actual profits.
sakabatou
(42,152 posts)Deacon Blue
(252 posts)Debtors have been scheming to make themselves broke on paper since the dawn of lending. The leading common law case is Lord Twynes Case, decided in 1601. The case gave us the badges of fraud which informs the UFTCA. Every state has adopted some form of the model act, and theres a federal version embedded in the bankruptcy code.
The act is extremely creditor-friendly, allowing for attorneys fees, additional actual damages and punitive damages. It kicks in early, allows for transfers to be set aside, and most importantly, values what the debtor received from the creditors point of view. The net of possible defendants is thrown very wide: it includes the recipients of the transfers, as well as the professionals who conspired with the debtor to protect the assets.
This is like shooting fish in a barrel with a shotgun. Debtors never have a plausible explanation for the transfers. I love these cases. There is no way in Hell Mr. Jones can explain any of this (tax reasons? my ass) to the Sandy Hook plaintiffs/judgment creditors or his wife in the divorce. Pursued aggressively hes toast.
Pepsidog
(6,254 posts)Pepsidog
(6,254 posts)BlueIdaho
(13,582 posts)One billion dollars in damages. That way he can work for these families for the rest of his life, and beyond.