Current Events > Alex Jones Fire Sale Begins

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https://www.npr.org/2024/06/14/nx-s1-4991095/alex-jones-bankruptcy-sandy-hook-judge-liquidate-chapter7

Its a day of reckoning today for Infowars conspiracy theorist Alex Jones, and a long-awaited culmination for the Sandy Hook families who sued Jones for defamation. A federal bankruptcy judge in Texas has decided that Jones must sell off his personal assets through a Chapter 7 liquidation in order to pay families nearly $1.5 billion in damages for spreading lies that the 2012 school shooting never happened.
The judge is still considering whether Jones media company, Free Speech Systems, should also be converted to a Chapter 7 liquidation. The families who sued Jones are divided on whether that is the best path forward. But one way or another, the company that produces Jones Infowars show will also be sold and either shut down or reimagined by a new buyer with proceeds going to pay the families.
A written order is expected later today, and a trustee could take over control of Jones personal estate within hours. Liquidation means Jones' personal belongings from his gun collection to his jewelry will be auctioned to the highest bidder in something of a fire sale. He could even lose access to his account on X, where he currently has 2.3 million followers. However, Texas law allows him to keep his home, which is worth more than $2 million.
The families declined to comment ahead of the court hearing, but one of their attorneys, Avi Moshenberg, said Jones' personal liquidation would be "a victory in the sense that [Jones] is going to pay a heavy price" for what he did, adding, "It will be a big step toward dismantling [Jones'] ability to inflict any more harm on the families."
On the other hand, the plaintiffs are likely to collect only a tiny fraction of what they're owed, and bankruptcy is unlikely to silence Jones fully, as some families had hoped. "You cant force him to shut up through a Chapter 7 liquidation," Moshenberg said. Jones had proposed a settlement with families that would have barred him from talking about the Sandy Hook shooting, but for various other reasons, that offer failed.
Families in Texas want the judge to just dismiss the Free Speech Systems bankruptcy case. They say that will result in more money more quickly. But Connecticut families say a Chapter 7 liquidation would ensure a more orderly and equitable distribution of the proceeds. Also, they say it would prevent Jones from using Infowars to bolster some new company he could be building and that it would stop him from draining the company of its value. For example, telling his audience not to buy vitamin supplements from Infowars and instead purchase them from a new company owned by Jones' dad.
A court appointed trustee for FSS agrees with Texas families that Jones' company should also be converted to a Chapter 7 liquidation. She called Jones behavior in recent broadcasts much more erratic and unhinged than his typical rhetoric and expressed concern that his increasingly poisonous rhetoric including promoting new Sandy Hook conspiracies is diminishing the value of his estate and any eventual payout for families.

Man if this could happen to Alex Jones, it can happen to anyone.

name_unknown posted...

Jones media company, Free Speech Systems,

these people are such parodies of themselves

I always wondered how this kind of thing goes down. Like in that South Park episode where Cartman sues Kyle and just gets to go through his room and takes his shit lol.

Alex Jones rn advertising his own fire sale:

https://www.youtube.com/watch?v=280yPTyei0U

Free speech is honestly kinda dogshit

https://gamefaqs.gamespot.com/a/forum/6/65fec87f.jpg

Saw that article on IG, lol at the people crying over what's happening to Jones. "1.5bn for words is insane". It's what those words led to, loser.

I like the idea someone had in a previous thread of giving the families ownership of IW and hiring Jones back so they can pay him very little and also control his content/what he'd say.

Any fate that doesn't end with him destitute on the streets is too good for him.

ZankanoTachi posted...

Man if this could happen to Alex Jones, it can happen to anyone.

Please happen to Ben Shapiro.

https://www.youtube.com/watch?v=MCOjFWuJKUk

CE should band together and buy Infowars. Think of the trolling potential.

Kradek posted...

Saw that article on IG, lol at the people crying over what's happening to Jones. "1.5bn for words is insane". It's what those words led to, loser.

I like the idea someone had in a previous thread of giving the families ownership of IW and hiring Jones back so they can pay him very little and also control his content/what he'd say.

This would be good

Umbreon posted...

Any fate that doesn't end with him destitute on the streets is too good for him.

But this would also be good

I would assume he has numerous stocks and investments, are they subject to seizure too?

https://gamefaqs.gamespot.com/a/forum/8/83f5cb16.jpg

People like Alex Jones, Trump, Shapiro, Bitch Mitch etc. make me really hope theres a hell

Who's going to buy it?

Does Alex Jones even have anywhere near that amount of net worth? I can't imagine they get anywhere near 1.5 billion even of they auction off his shit. Unless some rich nutjobs try to buy his stuff so they can give it back to him.

So what happens when he inevitably can't pay that? Do they wave w/e is remaining or like... does his wages get garnished for the rest of his life?

This whole thing is fascinating.

name_unknown posted...

However, Texas law allows him to keep his home, which is worth more than $2 million.

Boooooooooooo

ZankanoTachi posted...

Man if this could happen to Alex Jones, it can happen to anyone.

Please let this happen to Matt Walsh and Chaya Raichik

DrizztLink posted...

Boooooooooooo

It's ok. There's no way he can pay yhe property taxes anymore.

https://youtu.be/nj12LaDvwKA?si=TrIGr8mWkNF3Kdi_

Not familiar with this story, what happened?

UndefeatedGOAT posted...

Not familiar with this story, what happened?

An internet pervert made up a bunch of bullshit about people who suffered an unspeakable tragedy and got sued out the wazoo for it. All the while declaring that he is the one and only victim here.

SaikyoStyle posted...

An internet pervert made up a bunch of bullshit about people who suffered an unspeakable tragedy and got sued out the wazoo for it. All the while declaring that he is the one and only victim here.

Also Free Speech is being infringed here by their accounts even though we all know free speech isnt freedom from consequences.

Imagine surviving a horrible tragedy like that and then living your entire life carrying the trauma and survivors guilt only for chuds on the internet to tell you youre lying and it was all a hoax

SaikyoStyle posted...

An internet pervert made up a bunch of bullshit about people who suffered an unspeakable tragedy and got sued out the wazoo for it. All the while declaring that he is the one and only victim here.

whoa thats crazy

UndefeatedGOAT posted...

whoa thats crazy

Yeah, Alex Jones is the guy who runs Infowars and spread a bunch of idiotic conspiracy theories about the Sandy Hook school shooting. He said it was a false flag, said the people who were affected by it were actors, etc. The families sued him in a couple states and won a total of $1.5 billion in judgements against him. Jones has refused to pay them for years, but is now agreeing to liquidate his assets to help pay what he owes them. They can still go after him for the rest of his life to continue to collect on the rest, IIRC.

CableZL posted...

Yeah, Alex Jones is the guy who runs Infowars and spread a bunch of idiotic conspiracy theories about the Sandy Hook school shooting. He said it was a false flag, said the people who were affected by it were actors, etc. The families sued him in a couple states and won a total of $1.5 billion in judgements against him. Jones has refused to pay them for years, but is now agreeing to liquidate his assets to help pay what he owes them. They can still go after him for the rest of his life to continue to collect on the rest, IIRC.

This granted the 1.5 Billion is both very excessive yet at the same time warranted because he will likely die before any of that is paid off however it sets the precedent that you can make up that sort of lie and get away with it thanks to freedom of speech.

So happy it only took 6 posts to get in what was needed here.

name_unknown posted...

However, Texas law allows him to keep his home, which is worth more than $2 million.

Thats a damn shame

UndefeatedGOAT posted...

whoa thats crazy

He didn't just lie about it. He doxxed the victims' families. Multiple times.

And the harassment they received from his crazy followers forced many of them to move. At which point he doxxed them again.

It likely at least played a hand in the suicide of one of the fathers. Which he ALSO had a lot to say about.

Seriously, anything short of living destitute on the street is too good for this fucker of gay frogs.

funny the judge alllowed him to keep his business that makes all the damn money

SAlYAN posted...

It likely at least played a hand in the suicide of one of the fathers

oh god. no amount of money ever fix that :(.

CADE_FOSTER posted...

funny the judge alllowed him to keep his business that makes all the damn money

I assume this was done because otherwise he'd have no means of paying off the 1.5 billion. I'm guessing his income from that business will be garnished, or some equivalent, until his debt is paid off.