The outspoken American pundit will have to sell his platform to cover a $1.5 billion defamation judgment
Right-wing commentator Alex Jones has agreed to liquidate his assets in a bid to pay a court-imposed fine of $1.5 billion. Among Jones’ assets is the parent company of InfoWars, a platform used by the shock-jock to broadcast news, views, and conspiracy theories for more than two decades.
Jones filed for Chapter 11 bankruptcy in 2022, after a Connecticut judge ordered him to pay the families of the Sandy Hook massacre victims $1.5 billion in damages. Jones had claimed on air that the mass shooting – in which a gunman killed 20 elementary school children and six adults – was staged by the US government in a plot to usher in draconian gun control laws.
In filings made to a Texas bankruptcy court on Thursday, Jones’ lawyers requested that the Chapter 11 bankruptcy be converted into a Chapter 7 liquidation, as “there is no reasonable prospect of a successful reorganization” of his debts.
According to court documents, Jones’ assets will not be enough to cover the $1.5 billion fine. However, the Sandy Hook families agreed last year that Jones could liquidate his holdings in order to pay a minimum of $85 million over the next 10 years.
In a motion filed earlier this week, the families stated that they want Jones to liquidate Free Speech Systems LLC, the parent company of the InfoWars platform, which has also sought bankruptcy protection. Jones founded InfoWars in 1999, and by 2017, the website was receiving around 10 million monthly visits – eclipsing many mainstream news sites.
In his nightly broadcasts on InfoWars, Jones has launched tirades against Democrats, liberals, globalist politicians and NGOs, international financiers, and anyone else he accuses of helping usher in the ‘New World Order’ – a tyrannical system of global governance predicted by American conspiracy theorists since the 1980s.
In an interview with Jones earlier this year, American journalist Tucker Carlson noted that many of the Texan firebrand’s predictions – that the World Trade Center would be destroyed in 2001, that the federal government would introduce mask mandates during the Covid-19 pandemic, and that “a giant war” would break out in Ukraine in February 2022 – came true.
Speaking on InfoWars last weekend, Jones claimed that the American “deep state” had orchestrated the legal campaign against him, adding that he was “out of options.” On Friday’s broadcast, Jones said that InfoWars would likely close down within several weeks, but that he may “relaunch” under a different brand.
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