Economist: Alex Jones, his company worth up to $270 million

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Conspiracy theorist Alex Jones and his company Free Speech Systems are worth up to $270 million, an economist testified Friday

The total — $49.3 million — is less than the $150 million sought by Neil Heslin and Scarlett Lewis, whose 6-year-old son Jesse Lewis was among the 20 children and six educators killed in the 2012 attack in Newtown, Connecticut. But the trial marks the first time Jones has been held financially liable for peddling lies about the massacre, claiming it was faked by the government to tighten gun laws.

After the hearing, Reynal said he thinks the punitive amount will be reduced to as little as $1.5 million. Jones testified this week that any award over $2 million would “sink us.” His company Free Speech Systems, which is Infowars’ Austin-based parent company, filed for bankruptcy protection during the first week of the trial.

Future jurors in other pending Sandy Hook trials could see the damages amounts in this case as a benchmark, Covert said. If other juries do, Covert said, “it could very well put Jones out of business.” But Jones’ lawyers said their client had already learned his lesson. They argued for a punitive amount of less than $300,000.

Lawyers for the Sandy Hook families suing Jones contend he has tried to hide evidence of his true wealth in various shell companies.

 

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