Alex Jones’ personal assets will be sold to help pay Sandy Hook debt as judge decides Infowars’ fate
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HOUSTON (AP) — A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones ′ personal assets but was still deciding on his company’s separate bankruptcy case, leaving the future of his Infowars media platform uncertain as he 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 hearing testimony Friday afternoon on whether Infowars’ parent company, Texas-based Free Speech Systems, also should be liquidated.
Lopez’s ruling earlier Friday means many of Jones’ personal assets will be sold off. But his primary home in the Austin area and some other belongings 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.
A liquidation of Free Speech Systems would mean Jones loses control of the company and its assets would be sold off. He would lose the Infowars studios in Austin and its equipment, the company’s social media accounts and all copyrights. A bankruptcy trustee would oversee the company and liquidation. The Sandy Hook families also want Jones to lose his personal social media accounts, but he opposes that. Some of Jones’ supporters, including former Donald Trump adviser Roger Stone, have suggested they might try to buy Infowars.
Jones did not seem to react when the judge issued the order about his personal assets, but he became more animated when discussion turned to the possible liquidation of Free Speech Systems. At times he mumbled under his breath or shook his head when attorneys for some of the Sandy Hook families discussed statements Jones made on his Infowars show this week.
The Sandy Hook families’ lawyers believe Jones plans to keep broadcasting his show in some other fashion. They told the judge they intend to go after any of his future earnings. Jones has told his audience that he will return and claimed the loss of his company would only make him more popular.
Content retrieved from: https://apnews.com/article/alex-jones-sandy-hook-lawsuit-3ccd113496caee18a085dfa54c6e6c0e.
