Alex Jones now has the full weight of a $45.2 million fine on his head after a jury determined the man who made a fortune broadcasting conspiracy and lies must finally pay for them. After 4 hours of deliberations on Friday, the jury decided that the parents of Sandy Hook victims should be compensated for their pain and suffering.
He was ordered by a jury to pay more than $4 million in damages to the families of the children killed in Sandy Hook Elementary School. Jones said the shooting was staged by gun control advocates. $150 million was the amount of money the people in this case wanted.
Attorneys say that how much he has to pay depends on further litigation. Pursuant to the Texas Civil Practices and Remedies Code, there is a limit on the amount of damages that can be awarded. The number is 41.008 Mark Bankston told reporters that the issue will likely end up in the Texas Supreme Court.
Bernard Pettingill was brought in by the court to discuss Jones' net worth. Jones is the manager or agent for at least nine private entities that are not publicly traded, according to Pettingill. According to Pettingill, Jones may have made in excess of $50 million a year between September 2015 and December 2018. The economist estimated that Jones has paid himself around 18 million dollars over the course of three years.
Jones may have made more money after he was removed from social sites. The conspiratorial broadcasters net worth was estimated by the economist to be between $135 million and $270 million.
Jones also sells supplements through his website. There have been questions about his net worth before. He tried to declare Chapter 11 reorganization after losing another defamation case, but he didn't show up. He declared Chapter 11 for Free Speech Systems last week. In the April filing, InfoWars was listed as having assets of $0-$50,000 and liabilities of $1-$10 million. The Huffington Post reported earlier this year that Jones made $165 million selling its products. Jones said that the bankruptcy filing was to deliver a giant judgement on Alex Jones that was too large to even get a bond on. There is nothing left in the court after you declare bankruptcy.
The Sandy Hook parents have accused his holding companies of moving money away from Free Speech Systems. According to Pettingill, it is hard to determine how much Jones is worth because of how spread out his wealth is, but after Jones was ruled liable in the Sandy Hook cases, the conspiracy theorist started moving thousands of dollars into these shell companies.
The forensic economist said the numbers don't add up.
TheInfoWars founder made almost $4 million a week after being kicked from social media, according to one of the text messages his lawyer accidentally sent to the lawyers. One of the attorneys for the lawsuit said that Jones would lie if the jury didn't give him money. The fine levied against Jones was less than 2% of his wealth, according to Ball.
He stumbled into $4 million in a week. The ball said something. The man is lying when he talks.
The case has revealed how much Jone has hurt the families of its victims by lying about Sandy Hook. Neil Heslin, the father of a 6-year-old boy who was killed in 2012 said that Alex Jones had made his life hell because his home had been shot at. Attorneys for the parents argued that Jones had painted a target on their backs.
At 7 a.m., there will be a new update. The post was updated to include information about Texas civil laws.
All Rights Reserved © 2024
