Alex Jones set up shell companies to move money after being held liable by default in a case involving families of the Sandy Hook victims last year, a witness said Friday.
Bernard Pettingill, a witness for the Sandy Hook families and an economic consultant and former professor of economics at the Florida Institute of Technology, said Jones began moving $11,000 a day into shell companies in September 2021 after being held liable for the cases involving defamation surrounding the shooting.
ALEX JONES ORDERED TO PAY $4.1 MILLION TO SANDY HOOK PARENTS IN DEFAMATION CASE
Pettingill also testified that the net revenue of InfoWars, Jones’s company, in 2021 was $64 million and downplayed the effect Jones’s company being removed from several platforms, including Facebook, had on his income.
The witness testified Jones and Free Speech Systems, InfoWars’s parent company, have a net worth between $135 million and $270 million. Jones’s company filed for bankruptcy last week.
The revelations of Jones’s finances came during one of the defamation trials brought against him by the parents of Sandy Hook shooting victims.
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A jury ruled Jones must pay Sandy Hook parents $4.1 million in the defamation case on Thursday. The jury is evaluating additional damage charges in court on Friday.
