- I've already said I'm sorry hundreds of times,
and I'm done saying I'm sorry.
- Alex Jones is doing everything he can to avoid
paying out of his fortune to the Sandy Hook families.
- The conspiracy theorist who claimed
the Sandy Hook school massacre was a hoax,
well, he has now been ordered to pay nearly a billion dollars.
- In total so far, the damages from those cases are nearly $1.
5 billion.
- They've made up all this imaginary money
I have when I'm in bankruptcy
and I'm almost personally out of money.
- The parent company behind InfoWars,
that's Free Speech Systems LLC,
filed for bankruptcy protections.
- And when he got in trouble in defamation court,
he's announcing he owes money to another company
that he is the owner of.
He is making payments to other companies
that are managed by friends or family of his.
For example, in August of 2020,
one of the defamation court cases
is not going in Jones' way,
and he's asked an appeals court to dismiss it.
And on the eve of that, he signs an agreement
with no one saying that he owes $29.
6 million to another company.
Now, he's the majority owner of the other company
with his father and his mother.
So, for the Sandy Hook folks, or the plaintiffs,
this is fraudulent.
- Attorneys for Sandy Hook families have accused Jones
of trying to hide millions of dollars in assets.
- Alex Jones started the streaming service
InfoWars in 1999.
He likes to talk about the ways that he feels the government
and the new world order are taking over Americans' lives.
- I can't believe our governments did this,
but after all, that's how much they hate America and Christians
and guns and George Washington, baby!
- Talked about Sandy Hook being a fraud or a hoax.
Same thing with the Boston Marathon bombing.
- We know they staged stuff.
They've staged it before.
- The way this manifested itself is that viewers of Alex Jones'
show, of InfoWars, began harassing families.
And eventually, after a number of years,
the Sandy Hook parents, a number of them,
just were fed up, and they sued
and they brought defamation cases against him,
and Jones lost.
- But I'm also hopeful for what happened here today,
that it may save other families from high-profile tragedies
from the cycle of abuse and re-traumatization.
- Unless the bankruptcy court figures out where his money is
and who to give it to,
we won't know what the Sandy Hook families
actually get out of those damages.
Once Jones got into the supplement selling business,
around like 2013, 2014, 2015,
his business started getting really big.
InfoWars brings in, on a typical year,
like maybe $70 or $80 million in supplement sales revenue.
Now, not all of that is profits,
but they are making on these supplements
three to five times what the supplements cost them.
- Now all available at a discounted price to you
and your family to bring in the new year.
- So Jones has a number of different companies
related to this nutritional supplements business.
One in particular has this acronym, PQPR.
It's owned by Alex and his father and his mother,
and the company provides the supplements
that Jones sells on his show to Jones' company.
But right in the middle of his cases
against the Sandy Hook folks, when he started losing,
his main company announced, in bankruptcy,
that they owe the supplement company more than $50 million.
The explanation from Jones' side is that, listen,
his company got really big, really fast,
that he did not have the accounting controls,
he did not have enough sort of CPAs, professional managers
in here to handle the growth,
and that's how these debts went unnoticed this long.
I talked to a number of bankruptcy law experts
who say it's unlikely the judge will view that transaction
as legitimate.