A federal judge has ordered the liquidation of conspiracy theorist Alex Jones′ personal assets and was still deciding on his company’s separate bankruptcy case.

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.

  • Viking_Hippie@lemmy.world
    141·
    6 months ago

    Also if his LLC is a sole proprietorship, or he owns 100% of it minus liens, then yes they should take that as well. If it was a company where he didn’t hold all shares/ownership, then they should just take his stake.

    The ownership of it is a huge mess, on purpose.

    Iirc: it’s officially owned by him and his dad, but part of his dad’s share is owned through another company that he, Alex Jones, owns and part of his own share is owned by a dummy third company that’s officially owned by a sponsor of the show but in reality Alex Jones is the owner…

    And that’s just the parts of it I remember! There’s SO much more deliberate obfuscation!