Alex Jones Just Cost Himself Everything
After a weekend full of crisis-actor-level tears from right-wing conspiracy theorist Alex Jones, he has officially moved to liquidate all of his assets in order to pay the $1.5 billion he owes to the families of children murdered at Sandy Hook Elementary. The “hoax”-pushing supplement hawker, who was found guilty of defamation in 2022, filed for bankruptcy under Chapter 11 that same year, allowing him to maintain operations of his businesses and rely on reorganization to come up with the funds. But it wasn’t enough, with the families warning in 2023 that Jones’s plan fell “woefully short.”In a filing on Thursday, Jones’s lawyers wrote that there was “no reasonable prospect for a successful reorganization” and that filing for liquidation under Chapter 7 was the massacre denier’s only option. This latest decision lays the groundwork for Alex Jones to lose his stake in InfoWars, the pulpit from which the podcaster has continued to spew misinformation. Earlier this week, a judge prolonged Jones’s slow financial death and allowed him to continue running his media company Free Speech Systems until June 14. This newest move signals that Jones’s ownership will more than likely be sold, according to Avi Moshenberg, an attorney for the families, who spoke to CNN on Thursday. Free Speech Systems had nearly $4 million in cash on hand at the end of April. The decision came after Jones posted several videos of himself in hysterics, in which he wailed over the prospect of selling his media company. “All we’re trying to do is save America, and they’re fucking us over, over and over again,” he sobbed in an “emergency broadcast” on Saturday. “And it’s just so sick—it’s sick, it’s sick. I want to leave—because it’s going to be over, folks.”On Thursday, a lawyer for the families, Chris Mattei, said that Jones’s decision to liquidate his assets “will hasten the end of these bankruptcies and facilitate the liquidation of Jones’s assets, which is the same reason we have moved to convert his company’s case to Chapter 7.” Mattei had accused Jones in court Monday of “manufacturing a crisis.” Last month, Jones was granted permission to sell his ranch, which is valued at $2.8 million, one large chunk of his approximate total $9 million in assets.A unique detail of Jones’s case is that he can’t skirt payments by declaring bankruptcy. The judge who presided over Jones’s bankruptcy filing last year made his debt “non-dischargeable” through bankruptcy, meaning he has to continue paying the families until he has fully settled the $1.5 billion debt. As a result, Jones will likely be “basically broke now for the rest of his life,” Harry Litman, a former U.S. attorney, told MSNBC at the time.
After a weekend full of crisis-actor-level tears from right-wing conspiracy theorist Alex Jones, he has officially moved to liquidate all of his assets in order to pay the $1.5 billion he owes to the families of children murdered at Sandy Hook Elementary.
The “hoax”-pushing supplement hawker, who was found guilty of defamation in 2022, filed for bankruptcy under Chapter 11 that same year, allowing him to maintain operations of his businesses and rely on reorganization to come up with the funds. But it wasn’t enough, with the families warning in 2023 that Jones’s plan fell “woefully short.”
In a filing on Thursday, Jones’s lawyers wrote that there was “no reasonable prospect for a successful reorganization” and that filing for liquidation under Chapter 7 was the massacre denier’s only option. This latest decision lays the groundwork for Alex Jones to lose his stake in InfoWars, the pulpit from which the podcaster has continued to spew misinformation.
Earlier this week, a judge prolonged Jones’s slow financial death and allowed him to continue running his media company Free Speech Systems until June 14. This newest move signals that Jones’s ownership will more than likely be sold, according to Avi Moshenberg, an attorney for the families, who spoke to CNN on Thursday. Free Speech Systems had nearly $4 million in cash on hand at the end of April.
The decision came after Jones posted several videos of himself in hysterics, in which he wailed over the prospect of selling his media company. “All we’re trying to do is save America, and they’re fucking us over, over and over again,” he sobbed in an “emergency broadcast” on Saturday. “And it’s just so sick—it’s sick, it’s sick. I want to leave—because it’s going to be over, folks.”
On Thursday, a lawyer for the families, Chris Mattei, said that Jones’s decision to liquidate his assets “will hasten the end of these bankruptcies and facilitate the liquidation of Jones’s assets, which is the same reason we have moved to convert his company’s case to Chapter 7.”
Mattei had accused Jones in court Monday of “manufacturing a crisis.”
Last month, Jones was granted permission to sell his ranch, which is valued at $2.8 million, one large chunk of his approximate total $9 million in assets.
A unique detail of Jones’s case is that he can’t skirt payments by declaring bankruptcy. The judge who presided over Jones’s bankruptcy filing last year made his debt “non-dischargeable” through bankruptcy, meaning he has to continue paying the families until he has fully settled the $1.5 billion debt.
As a result, Jones will likely be “basically broke now for the rest of his life,” Harry Litman, a former U.S. attorney, told MSNBC at the time.
