The families of Sandy Hook school shooting victims voted overwhelmingly in favor of a plan to wrap up Alex Jones’ bankruptcy proceedings by liquidating the right wing talk show host’s assets.
The families of Sandy Hook school shooting victims voted overwhelmingly in favor of a plan to wrap up Alex Jones’ bankruptcy proceedings by liquidating the right wing talk show host’s assets.
Jones’ general unsecured creditors—comprised mostly of Sandy Hook families holding about $1.5 billion in defamation judgments against the famed conspiracy theorist—voted 100% in favor of a Chapter 11 plan that would methodically liquidate and redistribute his property and cash, while preserving potential legal actions against parties affiliated with Jones and his Infowars program.
I hope he dies penniless under a bridge somewhere, like the troll he is.
Once you reach a certain level of wealthy, you literally cannot die poor. Sadly this isn't the movie trading places. Billionaires don't go fully broke, they're always allowed to keep a certain level of wealth forever after
I agree with you. Just a note, though; Alex isn't a billionaire. Even the plaintiff's lawyers estimated his wealth at only "as much as $270M". It still makes me sad to realize how many people he grifted, defamed, and otherwise harmed to make that much money...
Well ya super rich people designed the entire legal system in the US specifically to protect themselves from ever have to face any real consequences for their crimes. You dont have to look much further than Donald J Trump to see how thats working.
Yup, usually an African prince trying to hide his wealth ends up giving a sack of cash to homeless, temporarily embarrassed billionaires while he's on a date with a business mogul's knockoff's daughter.
The vote indicates the creditors’ preference over a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years.
Lmao this part cracks me up the most. He was like "how about instead of selling all my stuff, I give you pennies on the dollar of what I owe you for a few years and we call it good?"
He's been dealing with some of the dumbest fucks on the planet (his viewers/listeners) for so long he thinks ridiculous shit like that works on everyone
Sandy Hook families holding about $1.5 billion in defamation judgments [...] a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years
Literally pennies on the dollar.
His house in Austin, that he bought for a couple million dollars, he sold to his wife in 2022 for the grand total of ten dollars. They're going to claw that back from him for trying to hide it. And then they're going to force him to sell it because Texas bankruptcy law only keeps your house in a city or town safe from bankruptcy seizure if it's one acre or less. And the lot his house is on is 1.089 acres - such a shame!
Sandy Hook families holding about $1.5 billion in defamation judgments [...] a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years
What's the difference between 1.5 billion and 5.5 million? About 1.5 billion.
Sandy Hook families holding about $1.5 billion in defamation judgments [...] a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years
Why did you omit the part where they didn't accept that plan? Those ellipses did some heavy lifting.
It really is the best part, because he's trying to weasel out of it saying "if you want money I've got to keep the machine running to make more" but the families holding him accountable are setting his everything on fire telling him it was never about the money, and that's awesome. He was hoping greed would save his ass but here he is in the hands of people who want real justice - the dismantling of the very machine he used to do harm.
Also there may be state specific differences, but the transfer of his assets to his wife only is called a "fraudulent conveyance" and is still able to be obtained to the debtors. Also it was a dick move and requires more lawyers.
I don’t know what’s funnier; Alex Jones’s estate being liquidated to pay back the families of his victims, or Mike Lindell being forced to pay the $5 million “prize” he offered to disprove his election fraud lies, and then was sued because he refused to pay it after he was easily disproven.
Within hours of the shooting, Jones was telling his audience that it was staged as a pretext for confiscating guns. Within days, he began to suggest that grieving parents were actors. In the years that followed, he repeatedly said the massacre was faked.
The families testified during the trial that the lies spread by Jones led to harassment and threats by conspiracy theorists who have accused them of faking their own children’s deaths. They described feeling unsafe in their own homes and hypervigilant in public. Some of the families moved away from Newtown.
Oof... Lemme tell yeh the people who believe in gold are very dedicated. The idea of a currency collapse where gold will retain it's value is sort of the hoarding food and toilet paper for an apocalypse move... But gold is just as subject to becoming very close to useless as anything else in situations of extreme scarcity. There are lots of tales of wartime famine where people wheel out and lose what would normally be considered valuable to trade for practically nothing. Other than that the market value of gold can dip just like anything else but people love the stuff by default it seems.
Lol, Alex Jones trying to hold court in front of Rogan and Musk, "Gold? You actually trust that shit? Gold is the quickest way to lose money cuz anyone can sell anything for any amount and call it gold. I should know, I do it all the time!"
We can only hope. If we're really good this year maybe Santa will bring us the same thing for another one of these disgusting wastes of oxygen like Tucker Carlson or MTG.
Alex Jones is a raging alcoholic. Nobody's interested in those vodka marinaded organs. You can pick a random episode of the Knowledge Fight podcast and there's a damn near 50/50 chance the episode of Info Wars they're going to be tearing apart will culminate with a drunken, crying, screaming, Alex Jones temper tantrum.
Can't wait for Knowledge Fight to cover this. Last episode largely involved AJ not being present in thebstudio due to "having to deal with some bankruptcy matters"
This is Great... Unfortunately this is too little too late ...
He's already moved out every asset he owns from under his control to other sources. They've given this man too much time to make himself appear "Virtually" as pauper on paper. He'll go to prison before he ever gives them a cent.
Forensic auditors are scary. However, given the caliber of people Alex Jones surrounds himself with, I have a sneaking suspicion it wouldn't be particularly difficult to untangle his finances (relatively speaking).
Even if they can trace it, can they take it? Let's say he puts his house in a trust and makes some family members the owner of the trust, that would no longer be his property, no?
Yeah, that's not as hopeless as you think. They can easily track what he did to obviously hide his assets in the time since the judgement and still seize them from the parties who now could face charges for accepting them.
In bankruptcy cases, a proposal is usually put forth by the end of the process that describes a plan with respect to how the debtor's assets will be liquidated and the funds distributed to creditors. This plan is put to a vote before the creditors and if the creditors accept the plan, then the bankruptcy court will order that the debtor's assets be liquidated in the manner described. When that's all done, the bankruptcy trustee will distribute the proceeds according to the plan to the creditors. Any remaining debts are cancelled.
It'd be tough. They'd need to find another show that broadcasts as regularly as Jones does. They have made moves recently that seem to indicate they know Jones is done for and they're transitioning to monitoring various right wing shit heads instead as occasion arises.