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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.
Jones definitely isn't a billionaire. He owns a glorified YouTube Channel that sells supplements and brain pills. Hopefully he is toast.
Jones isn't even remotely a billionaire
I think his rock bottom is to be the kept creature of some Russian oligarch.
Do it.
Tired of seeing these wingnuts get away with murder or just refuse to comply with court orders.
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.
God damn it’s a good week for honesty.
Bbbbbbb but, what about his freedom of speech!!!! I hope that he finds complete misery and hopelessness after the things he's done to those families.
.
Freedom of speech, freedom of consequence.
Freedom of speech does not mean freedom to harass others.
Yep..need to highlight the differences between saying "we need to be aware that this could be a false flag operation by Democrats to condition American citizens to accept oppressive gun control" and "(specific) people took money from George Soros to fake having a child and fake having them die in a fake school shooting because they hate America and want to make everyone slaves. We used to kill people like that, people who did what (specific person) did" over and over on nationally accessible broadcasts. Roughly paraphrased AJ's stance there, but you get the point.
Every time someone asks me the difference between free speech and freeze-peach, I just point to this asshole.
We should do this more. Liquidate bad wealthy people's assets and distribute it to those they have harmed.
Granted that hasn't happened here yet, but I hope it does.
Good, Break him, sell his company.
Dissolve the board of directors.
Sandy hook parents can choose what kind of acid to use.
This is like the best news day in ages.
(Sorry, I'm out of Rikers and need a refill. Two Rikers in an hour is just too many and I already used up the two I had.)
Same thing gonna happen to trump
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.
This dude has got to be hiding gold somewhere, now they just need to find out where.
I don't know, if I was him, I wouldn't trust gold considering all the gold scam ads Infowars runs.
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.
So I hear organs can usually fetch some good money... Just a random, totally unrelated thought I had.
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.
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.
That's what makes auditors so damn cool yet scary. They can trace that shit.
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).
Accounting Nerd Heroes!
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.
Can the court do something to punish him if it looks like he's living in luxury despite not owning any assets?
Awe c'mon. He was just speeching! Isn't speeching protected? Don't unfree his speech, why you hate liberdom and freedity?
There’s a vote for this? Where do we register?
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.
This gets me harder than any blue pill ever could dream of