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Fri Apr 8, 2022, 01:32 PM

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 he’s “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 company—financial 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 million—almost 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

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Reply Alex Jones Accused of 'Jaw-Dropping' Scheme to Hide Money From Sandy Hook Families (Original post)
packman Apr 2022 OP
Thomas Hurt Apr 2022 #1
Crowman2009 Apr 2022 #11
ShazzieB Apr 2022 #22
Ray Bruns Apr 2022 #2
dalton99a Apr 2022 #3
KS Toronado Apr 2022 #4
DanieRains Apr 2022 #5
leftieNanner Apr 2022 #9
bucolic_frolic Apr 2022 #6
Bernardo de La Paz Apr 2022 #15
Deacon Blue Apr 2022 #26
Initech Apr 2022 #7
momta Apr 2022 #23
Marthe48 Apr 2022 #8
maxsolomon Apr 2022 #10
Midnight Writer Apr 2022 #13
gaskinite Apr 2022 #12
Darkstar53142 Apr 2022 #14
Deacon Blue Apr 2022 #25
demmiblue Apr 2022 #16
Grins Apr 2022 #17
calimary Apr 2022 #21
NoMoreRepugs Apr 2022 #18
CaptainTruth Apr 2022 #19
sakabatou Apr 2022 #20
Deacon Blue Apr 2022 #24
Pepsidog Apr 2022 #28
Pepsidog Apr 2022 #27
BlueIdaho Apr 2022 #29

Response to packman (Original post)

Fri Apr 8, 2022, 01:37 PM

1. This can't be a surprise to anyone, Jones is an amoral grifter.

He isn't going to stop until he is in prison or dead.

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Response to Thomas Hurt (Reply #1)

Fri Apr 8, 2022, 02:15 PM

11. Given how he looks nowadays, I assume it will be the later.

Acid and cocaine are not good combinations. At least that is what I assume he consumes on a daily basis.

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Response to Crowman2009 (Reply #11)

Sat Apr 9, 2022, 09:44 AM

22. I'm going to resist the temptation to wish him dead

and just say the world will be a better place when that happens.

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Response to packman (Original post)

Fri Apr 8, 2022, 01:39 PM

2. These guys don't know when to quit, do they?

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Response to packman (Original post)

Fri Apr 8, 2022, 01:40 PM

4. Hope the plaintiffs can prove this in court

and then the Judge takes every penny they can find plus more so that
Jones has to liquidate all his assets at auction.

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Response to packman (Original post)

Fri Apr 8, 2022, 01:41 PM

5. Same As The Sacklers

 

Taking $11 Billion From Perdue Dope Dealing Pharma So They Could Go Bankrupt And No Pay Victims.

Rich dope dealers always get away.....

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Response to DanieRains (Reply #5)

Fri Apr 8, 2022, 02:07 PM

9. Yes!

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.

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Response to packman (Original post)

Fri Apr 8, 2022, 01:45 PM

6. Sounds like fraudulent conveyance in anticipation of being sued

But, you know, I'm no lawyer.

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Response to bucolic_frolic (Reply #6)

Fri Apr 8, 2022, 02:25 PM

15. Pile up the charges. He grifts on MAGAt suckers and must pay up. . . . nt

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Response to bucolic_frolic (Reply #6)

Sat Apr 9, 2022, 12:14 PM

26. 100% UFTCA Problem, see No. 24 below for Much More

I AM a lawyer who has pursued many deadbeats/debtors using this very powerful statute. More downthread.

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Response to packman (Original post)

Fri Apr 8, 2022, 01:58 PM

7. What a truly colossal piece of shit!

The sooner he's removed from society the better!

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Response to Initech (Reply #7)

Sat Apr 9, 2022, 11:21 AM

23. Yes! A colossal piece of shit, indeed!

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!

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Response to packman (Original post)

Fri Apr 8, 2022, 02:04 PM

8. Anonymous, come on down!

suss out those paper trails. Help nail this heartless bastard. Thanks in advance

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Response to packman (Original post)

Fri Apr 8, 2022, 02:14 PM

10. Why shouldn't he?

Our laws allow these machinations. They are written by and for the Wealthy.

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Response to maxsolomon (Reply #10)

Fri Apr 8, 2022, 02:20 PM

13. Exactly. This is a "smart business move". Any judgements against him will now have to deal with

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.

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Response to packman (Original post)

Fri Apr 8, 2022, 02:19 PM

12. Jones will become a right wing Martyr

 

Even if the courts bankrupt him, he will become a hundred times more wealthy as a result.
He will benefit from this.

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Response to packman (Original post)

Fri Apr 8, 2022, 02:20 PM

14. I'm not a lawyer, but...

...don't they freeze people's assets to prevent this type of thing?

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Response to Darkstar53142 (Reply #14)

Sat Apr 9, 2022, 12:10 PM

25. See post below re UFTCA /nt

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Response to packman (Original post)

Fri Apr 8, 2022, 03:12 PM

16. ...

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Response to packman (Original post)

Fri Apr 8, 2022, 03:33 PM

17. That sound you hear...?

The iron bars of his prison cell.

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Response to Grins (Reply #17)

Fri Apr 8, 2022, 04:42 PM

21. One can hope so, anyway.

If ANYBODY deserves it, this thieving mercenary hate monger does!

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Response to packman (Original post)

Fri Apr 8, 2022, 03:53 PM

18. $18million - there is literally no end to the Deplorables' lining up to be fleeced.

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Response to packman (Original post)

Fri Apr 8, 2022, 04:19 PM

19. The IRS should investigate this.

If he's moving money around like this I'm betting he's also not paying taxes on his actual profits.

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Response to packman (Original post)

Fri Apr 8, 2022, 04:20 PM

20. Once again, showing that Jones is a despicable creature

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Response to packman (Original post)

Sat Apr 9, 2022, 12:09 PM

24. The Uniform Fraudulent Transfers/Conveyances Act Applies

Debtors have been scheming to make themselves broke on paper since the dawn of lending. The leading common law case is Lord Twyne’s 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 there’s a federal version embedded in the bankruptcy code.

The act is extremely creditor-friendly, allowing for attorney’s 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 creditor’s 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 he’s toast.

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Response to Deacon Blue (Reply #24)

Sat Apr 9, 2022, 12:49 PM

28. Great post. Relentless plaintiffs' counsel can shred Jones attempt to hide assets.

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Response to packman (Original post)

Sat Apr 9, 2022, 12:44 PM

27. Stick this sick bastard in jail for contempt until he comes clean on all his assets.

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Response to packman (Original post)

Sat Apr 9, 2022, 07:23 PM

29. Jones should be ordered to pay

One billion dollars in damages. That way he can work for these families for the rest of his life, and beyond.

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