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.
Nice to see an example of the justice system actually working.
He owes like 1.5 billion i thought, no way his combined assets are close to that.
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
Jones has cleverly rused investigators by taking payments directly from his advertisers in the form of worthless gold certificates and 55-gallon drums of penis enlargement cream.
Some delicious schadenfreude
Hahaha, nice.
So his audience now has a decent conspiracy they can dig into. Where did Alex hide his assets
