Alex Jones’ personal assets to be sold to pay $1.5B Sandy Hook debt. Company bankruptcy is dismissed
apnews.com
Conspiracy theorist Alex Jones is facing a court-ordered sell-off of many of his personal assets while the future of his Infowars media platform remains up in the air.

A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones ′ personal assets and was still deciding on his company’s separate bankruptcy case. The decision could determine the future of his Infowars media platform, as Jones owes $1.5 billion for his false claims that the Sandy Hook Elementary School shooting was a hoax.

Judge Christopher Lopez approved converting Jones’ proposed personal bankruptcy reorganization to a liquidation. He was still set to rule on whether Jones’ company, Austin, Texas-based Free Speech Systems, also should be liquidated.

It wasn’t immediately clear what will happen to Free Speech Systems, which is Infowars’ parent company.

Many of Jones’ personal assets will be sold off, but he is expected to keep his primary home in the Austin area and some other belongings that are exempt from bankruptcy liquidation. He already has moved to sell his Texas ranch worth about $2.8 million, a gun collection and other assets to help pay debts.

        • girlfreddy@lemmy.caOP
          48·
          5 months ago

          They aren’t.

          According to the most recent financial statements filed in the bankruptcy court, Jones’ $9 million in personal assets include his $2.6 million Austin-area home and other real estate. He listed his living expenses at about $69,000 for April alone, including about $16,500 for expenses on his home.

          But …

          Alex Jones is facing a new lawsuit in Texas over accusations that the Infowars host hid millions of dollars in assets after families of Sandy Hook victims began taking him to court. Source

          • Kowowow@lemmy.ca
            17·
            5 months ago

            On his recent shows he’s trying to direct people to his dad’s store that sells the exact same products but is totally not related to infowars

            • Passerby6497@lemmy.worldEnglish
              5·
              5 months ago

              Totally not related, they just happen to sell the same products that he already sold. Total coincidence.

              Also, unrelated, he’s been selling supplements that his dentist dad has been making for years, so clearly there’s no relation to infowars.

              • Kowowow@lemmy.ca
                2·
                5 months ago

                Also said he’ll have to have a word with his dad about the sale being too good, on air of course