The Impending Collapse of Alex Jones' Infowars Empire

Alex Jones faces the possible shutdown of his Infowars media platform as a bankruptcy judge deliberates on the liquidation of his personal and company assets to satisfy the $1.5 billion owed to Sandy Hook families.

Published June 15, 2024 - 00:06am

3 minutes read
United States
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HOUSTON (AP) -- Conspiracy theorist Alex Jones is on the edge of losing his Infowars media platform as he struggles with a significant financial fallout from lawsuits related to his false claims about the Sandy Hook Elementary School shooting. A bankruptcy judge in Houston is poised to decide whether to liquidate Jones' personal and company assets to satisfy the $1.5 billion he owes.

Jones has been vocal on his shows, urging his followers to download Infowars' content and even pointed them to a new website linked to his father's company. He insists that Infowars is a 'sinking ship' and claims that Democrats and the 'deep state' are targeting his free speech rights.

The court proceedings have revealed that Jones has around $9 million in personal assets and an additional $4 million held by his company, Free Speech Systems. The families of Sandy Hook victims, who were awarded over $1.4 billion in Connecticut and $49 million in Texas, are pushing for the liquidation to enforce the judgments and prevent further harm caused by Jones' activities.

Lawyers representing the families argue that liquidating Jones' assets will provide enforceable compensation and hinder his ability to influence or incite further conspiracies. Chris Mattei, a lawyer for the Connecticut families, emphasized the need to stop Jones from inflicting mass harm.

While Jones has acknowledged the Sandy Hook shooting, his baseless claims triggered harassment of the victims' families. Testimonies in court indicated that followers of Jones confronted and threatened families, including a parent who faced a threat to exhume his child's grave.

Jones' legal strategy has shifted from bankruptcy reorganization to liquidation. Initially, he sought protection under Chapter 11, which would allow him to continue his operations while paying off the families through revenue from his shows. However, with no agreement in sight, the focus has now shifted to Chapter 7 liquidation of his assets.

The complexity of the case is underscored by the differing positions of the families involved. While Connecticut families are advocating for liquidation, the Texas families, who lost their son Jesse Lewis, prefer dismissing the company's bankruptcy case.

The financial details disclosed in court documents reveal Jones' significant expenses, including monthly living costs of $69,000 and substantial expenditures on his Austin-area home. Free Speech Systems made approximately $3.2 million in April, selling dietary supplements and other items promoted by Jones, with expenses totaling $1.9 million.

Additional allegations against Jones include claims of hiding and redirecting millions of dollars through shell companies. Jones has denied these charges, maintaining his contentious stance.

The future of Infowars and Free Speech Systems depends on the bankruptcy court's ruling. If the court dismisses the company's bankruptcy case, Infowars may gain temporary respite, prolonging the collection efforts by Sandy Hook families through state courts in Texas and Connecticut.

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