Right-wing conspiracy theorist Alex Jones made a decision on Thursday to liquidate his personal assets, agreeing to demands from Sandy Hook victims ‘ families, who he owes more than$ 1.5 billion in damages for his lying about the 2012 school massacre.
The eminently significant move opens the door to a future in which Jones not more controls Infowars, the powerful crime kingdom he founded in the late 1990s. Over the years, Jones has used the internet to strengthen himself to the rhythm of millions of dollars by using the business to poison the people with horrible lies and conspiracy theories.
Due to Thursday, Jones had resisted converting his individual debt into a Chapter 7 bankruptcy. But facing mounting legal force, he reversed training and caved to the needs of the Sandy Hook families, who have still not seen a quarter from Jones since juries in Connecticut , and Texas  , found him guilty in 2022 for defamation and mental problems. His attorneys claimed in a filing that Jones had no “reasonable promise for a prosperous restructuring” and that going forward would only result in additional costs.
The legal movement ultimately “means]Jones ‘ ] possession in Free Speech Systems is going to get sold”, Avi Moshenberg, an attorney who represents some of the Sandy Hook families, told CNN on Thursday night, referencing the parent firm of Infowars.
Chris Mattei, a lawyer representing the Sandy Hook families, told CNN,” Converting the circumstance to Chapter 7 may haveten the end of these foreclosures and help the liquidation of Jones’s property.”
Given that Free Speech Systems has even filed for bankruptcy protection, Jones technically has not been in charge of the Infowars business for some time. The company’s business has, therefore, been under the guidance of a court appointed reform agent.
Following Friday is the day of a hearing to decide the bankruptcy situation of Free Speech Systems.
But regardless of what happens in that case, Thursday’s constitutional move sets the stage for a court- appointed director to liquidate , Jones ‘ private assets, which includes his stake in Infowars.
The bankruptcy of Jones ‘ property does not imply that Infowars does stop working. Some outcomes are possible. The judge- appointed trustee may sell the business to another proprietor, for instance.
On Thursday evening, a Jones agent did not respond to a request for comment right away.
