Alex Jones filed for Chapter 11 bankruptcy protection in Houston. His filing listed $1 billion to $10 billion in liabilities and $1 million to $10 million in assets.
Jones has laughed at the awards on his Infowars show, saying he has less than $2 million to his name and won’t be able to pay such high amounts. Those comments contradicted the testimony of a forensic economist at the Texas trial, who said Jones and his company Free Speech Systems have a combined net worth as high as $270 million. Free Speech Systems is also seeking bankruptcy protection.
In documents filed in July in Free Speech Systems’ bankruptcy case in Texas, a budget for the company for Nov. 26 to Dec. 23 estimated product sales will total nearly $3 million, while operating expenses will be nearly $739,000. Jones’ salary is listed at $20,000 every two weeks.Jones took the stand to defend himself and explain why he thought the Sandy Hook shooting was a hoax.
Sandy Hook families have alleged in another lawsuit in Texas that Jones hid millions of dollars in assets after victims’ relatives began taking him to court. Jones’ lawyer denied the allegation. A third trial over Jones’ comments on Sandy Hook is expected to begin within the next two months in Texas, in a lawsuit brought by the parents of another child killed in the shooting.
Collins reported from Hartford, Connecticut, and Bleed reported from Little Rock, Arkansas. Associated Press writer Jake Bleiberg in Dallas contributed to this report.that I have read and agree
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Alex Jones files for bankruptcy following $1 billion Sandy Hook verdict(Reuters) -Alex Jones filed for bankruptcy on Friday, less than two months after a jury ordered him and the parent company of his Infowars website to pay nearly $1 billion in compensatory damages to relatives of victims of the 2012 Sandy Hook mass shooting. Jones filed for Chapter 11 protection from creditors with the U.S. bankruptcy court in Houston, a court filing showed. The filing said Jones has between $1 million and $10 million of assets and between $1 billion and $10 billion of liabilities.
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