Alex Jones' Infowars to be auctioned off in pieces to pay Sandy Hook families

[Social Media]

 

Alex Jones, the infamous conspiracy theorist behind Infowars, is on the brink of losing his media empire. A federal judge is set to approve the auction of Infowars' assets this fall, aiming to help pay the over $1 billion in damages Jones owes to the families of the Sandy Hook Elementary School victims. The families won this settlement in defamation and emotional distress lawsuits after Jones repeatedly called the 2012 school shooting a hoax, triggering harassment from his followers. Despite these legal blows, Jones remains defiant, promising to continue his show through other platforms.

I was in a bad mood, but then I saw this clip of Sandy Hook truther Alex Jones crying because he's about to lose all of his shit, and I felt better instantly.

Try it!pic.twitter.com/iUZxRMErw5

— BrooklynDad_Defiant!☮️ (@mmpadellan) September 25, 2024

 

U.S. Bankruptcy Judge Christopher Lopez indicated during a court hearing that he will soon approve the auctions, with intellectual property, trademarks, and even social media accounts of Infowars set to be sold. However, before the auction can proceed, the court must make clear that the trustee managing Jones' personal bankruptcy case controls all the assets of Free Speech Systems, the parent company of Infowars, which Jones owns entirely. This decision is critical, as it will determine how much can be liquidated to pay off Jones' massive debt.

 

In response, Jones has vowed to continue his broadcasts, possibly through a new website or his personal social media accounts. He even suggested that his supporters could purchase Infowars' assets, allowing him to continue his work under their ownership. "It’s very cut and dry that the assets of Free Speech Systems... can be sold," Jones remarked during a recent broadcast. "And they know full well that there are a bunch of patriot buyers, and then the operation can ease on."

 

Jones' financial troubles began in 2022 when both he and his company filed for bankruptcy following the devastating legal judgments against him. In civil trials in Texas and Connecticut, the families of Sandy Hook victims testified about the intense pain and trauma caused by Jones' false claims. Parents described the harassment they endured, including being confronted by people who denied their children existed. One father even recounted how someone threatened to desecrate his son's grave.

 

Jones has since acknowledged that the Sandy Hook shooting did happen, but he continues to appeal the jury verdicts, citing free speech rights. He also questions whether the families proved that his statements directly led to the harassment they experienced. However, the courts have been unsympathetic to his arguments. In June, Judge Lopez converted Jones' bankruptcy case into a liquidation, ordering the sale of his assets to pay off creditors. His primary home and some other personal properties are exempt from liquidation, but many of his other assets, including Infowars' intellectual property, will soon go under the hammer.

 

The auctions are set to begin on November 13, with Infowars' websites, social media accounts, and copyrighted material up for sale. On December 10, physical assets such as studio equipment will also be sold. However, Jones' personal social media accounts, including his popular profile on X (formerly known as Twitter), which boasts 2.8 million followers, are not included in the initial sell-off. There is still a possibility that these accounts could also be liquidated if the trustee overseeing the bankruptcy seeks additional court approval.

 

While these auctions mark a significant step towards holding Jones accountable, it remains uncertain how much the Sandy Hook families will ultimately receive. Free Speech Systems holds about $6 million in cash and another $1.2 million in inventory, and Jones himself has reported approximately $9 million in personal assets. However, much of the proceeds from the sale of his assets will first go towards paying the legal fees of the lawyers and financial experts involved in the bankruptcy cases, which have accrued millions of dollars in expenses.

 

Adding to the complexity is a dispute over whether Free Speech Systems owes over $50 million to PQPR Holdings Limited, another company owned by Jones. PQPR supplies the dietary supplements that Infowars sells online, and the company claims that Free Speech Systems failed to pay for many of the products. If this debt is found to be legitimate, it could significantly reduce the amount available to the Sandy Hook families. However, the families' lawyers argue that the debt is fictitious, designed to protect Jones' assets from being distributed to those who sued him.

 

Despite the looming liquidation of Infowars, Jones remains defiant, signaling that he will continue his media operations in some form. As Christopher Mattei, the lawyer representing the Sandy Hook families in the Connecticut case, noted, the auction represents a crucial step toward holding Jones accountable for the harm caused by his lies. "Alex Jones will no longer own or control the company he built," Mattei said. For the families, this moment marks progress in their ongoing battle for justice, but questions remain about how much of the more than $1 billion judgment will actually be paid.

 

As the auctions draw closer, the fate of Infowars and its role in Alex Jones' future remain uncertain. What is clear, though, is that the conspiracy empire Jones built will be dismantled, piece by piece, in an effort to make amends for the immense harm he has inflicted on grieving families.

 

Based on a report from: Politico 2024-09-27

 

 

 

[Tug]

What an absolute waste of oxygen I hope they break this evil man and he dies penneyless on the streets

[herfiehandbag]

5 hours ago, Tug said:

What an absolute waste of oxygen I hope they break this evil man and he dies penneyless on the streets

I agree, a total oxygen thief.

 

I remember watching him in tears when the reality struck home - laugh? I nearly bought a round!

[Srikcir]

Will someone like Elon just buy the intellectual property, trademarks, and even social media accounts of Infowars and give it back to Jones?

[impulse]

Everyone cheering at what happened to Alex Jones had better cross your fingers that what comes around, won't go around.  Wait until a new DOJ and they start coming after the folks that caused the assassination attempts on Trump by calling him Hitler. 

 

He's got a better case for actual damages than the Sandy Hook parents.

 

[Eric Loh]

4 minutes ago, impulse said:

Everyone cheering at what happened to Alex Jones had better cross your fingers that what comes around, won't go around.  Wait until a new DOJ and they start coming after the folks that caused the assassination attempts on Trump by calling him Hitler. 

 

He's got a better case for actual damages than the Sandy Hook parents.

 

Trump brought the assignation attempts upon himself with his divisive, hateful and incendiary rhetoric. 

https://www.foxnews.com/media/top-ohio-newspaper-runs-letter-editor-saying-trump-brought-assassination-attempts-himself

[impulse]

2 minutes ago, Eric Loh said:

Trump brought the assignation attempts upon himself with his divisive, hateful and incendiary rhetoric. 

https://www.foxnews.com/media/top-ohio-newspaper-runs-letter-editor-saying-trump-brought-assassination-attempts-himself

 

Linking to an anonymous letter to the editor.  That's scraping the bottom of the barrel, isn't it?

 

May as well quote Grandpa Abe Simpson when he's yelling at that cloud going by...

 

[johng]

10 hours ago, Tug said:

What an absolute waste of oxygen I hope they break this evil man and he dies penneyless on the streets

You are a horrible "specimen"  Alex Jones did not kill anyone  or call for anyone to be killed....all he did/does is voice his opinions...despite despots as per yourself calling for the removal of his (everyones)  free speech...not realizing that once his free speech is removed  yours will be too...

[johng]

10 minutes ago, Eric Loh said:

Trump brought the assignation attempts upon himself with his divisive, hateful and incendiary rhetoric

Rubbish of course,  same as blaming a women for getting raped  she should have worn the burka if she doesn't want to be violated ?

[johng]

2 hours ago, Srikcir said:

Will someone like Elon just buy the intellectual property, trademarks, and even social media accounts of Infowars and give it back to Jones?

That would be great..

but they are trying to prevent that by trying to appropriate those intellectual properties including all his archive material...he is encouraging everyone to download and share his material before it is "disappeared"

 

PS: Alex Jones was right !