June 14th 2024.
A federal judge made a decision on Friday that could greatly impact the future of conspiracy theorist Alex Jones and his media platform, Infowars. The judge ordered the liquidation of Jones' personal assets and was also considering liquidation for his company, Free Speech Systems. This comes after Jones lost a lawsuit for spreading false claims that the Sandy Hook Elementary School shooting was a hoax, resulting in a $US1.5 billion debt.
Judge Christopher Lopez approved Jones' personal bankruptcy reorganization to be converted to a liquidation. He was still deliberating on whether Free Speech Systems should also be liquidated. It is unclear what will happen to the company, which is the parent company of Infowars.
It was reported that many of Jones' personal assets will be sold off, but he will likely be able to keep his primary home and other belongings that are exempt from bankruptcy. He has already started selling off assets such as his Texas ranch and gun collection to help pay off his debts. Jones did not show much reaction when the judge announced the decision about his personal assets.
Jones has been vocal about the potential shutdown of Infowars due to the bankruptcy. He has been urging his followers to download his videos and directing them to a new website for his father's company if they want to continue purchasing the dietary supplements he promotes on his show. Jones has about $US9 million in personal assets, while his company has $US4 million in cash on hand.
Jones and Free Speech Systems filed for bankruptcy protection in 2022, after being sued by relatives of the victims of the Sandy Hook shooting. The families have been pushing for liquidation in order to collect on their judgments of $US1.4 billion in Connecticut and $US49 million in Texas. They believe this is the best way to hold Jones accountable for his actions and prevent him from causing more harm.
The families have been deeply affected by Jones' false claims and the actions of his followers. They have been harassed and threatened, with some even being confronted in person and told that their children never existed. One parent even received a threat to dig up their child's grave. Jones initially planned to continue running Infowars while paying the families with revenues from his show, but they could not come to an agreement and he has now switched his personal bankruptcy from reorganization to liquidation.
The families in the Connecticut lawsuit are also seeking liquidation for Free Speech Systems, while the parents in the Texas lawsuit are pushing for the case to be dismissed. Jones' personal bankruptcy attorneys do not support liquidation for the company and have filed a motion to dismiss the case. If the company's case is dismissed, they could potentially return to their previous position, making it difficult for the families to collect their damages.
Jones has recently acknowledged that the Sandy Hook shooting did happen, but he continues to claim that Democrats and the "deep state" are trying to shut down his companies and silence his free speech rights. His lawyers have even accused him of illegally hiding and diverting millions of dollars. However, the families' lawyers have stated that this is just a conspiracy and that Jones must be held accountable for his actions.
According to recent financial statements, Jones has about $US9 million in assets, including his home and other properties. His company, Free Speech Systems, made nearly $US3.2 million in April, but also had significant expenses. The families have a pending lawsuit in Texas to address the allegations of Jones hiding and diverting money.
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