Alex Jones transferred money from the parent company to his own.
The promissory notes were signed by the company.
Jones was ordered to pay over a billion dollars in damages for lying.
According to a Washington Post report, Alex Jones moved millions of dollars out of his company before it filed for Chapter 11.
The host of a radio show was ordered to pay over a billion dollars in damages for defaming the families of the Sandy Hook victims. Jones may be trying to protect his assets from the landmark cases.
There were 26 people killed in the shooting.
Between August 2020 and November 2021, Jones' company, Free Speech Systems, signed promissory notes for $55 million to a company owned by his parents, according to records reviewed by the Post. A promise to pay a sum of money at a later date is called a promissory note.
The Sandy Hook attorney told the Post that in the middle of the lawsuit they began documenting debts that had no evidence before.
According to the Post, lawyers for the Sandy Hook families argue that Jones' fraudulent activities are intended to prevent his $270 million fortune from being turned over as a result of the awarded damages.
The company managed by Jones' sister was paid $240,000 in at least one payment, according to Jones' financial records. Jones paid his personal trainer $100,000 a week to help him ship supplements and merchandise.
Jones did the same things when he was getting divorced. Kelly Jones, Jones' ex- wife, told the Post that Jones created the company to hide his assets when they broke up.
Free Speech Systems filed for bankruptcy earlier this year, as did three other companies that were tied to Jones last year.
The Sandy Hook shooting lies have spread since Jones began spreading conspiracy theories that the shooting was faked. Though he has been found guilty in multiple defamation cases for his comments, his oft-repeated claims that the shooting was a hoax created an army of Sandy Hook deniers.
Representatives for Jones and Raymond Battaglia didn't reply to Insider's request for comment.
Business Insider has an article on it.
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