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Alex Jones Files for Bankruptcy

cigaretteman

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May 29, 2001
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The Infowars fabulist Alex Jones filed for Chapter 11 personal bankruptcy on Friday, citing nearly $1.5 billion in damages juries awarded this year to the families of Sandy Hook shooting victims, who won a series of defamation cases against Mr. Jones after he lied for years about the school shooting.

The filing in the Southern District of Texas in Houston comes atop the bankruptcy filing by Free Speech Systems, Infowars’ parent company, in late July. The personal bankruptcy filing could further delay payment of the verdicts for the families, who would need to seek payment through the bankruptcy courts alongside other creditors. But it could also force a greater degree of scrutiny on the finances of Mr. Jones’s empire.

For more than four years of the Sandy Hook litigation, Mr. Jones has stonewalled the courts on providing business records, financial information and other records. In a separate lawsuit, the Sandy Hook families have accused Mr. Jones of improperly siphoning assets from his business and channeling them to himself and his family. He will now ostensibly be required to reveal more about those assets.

This is a developing story and will be updated.
 
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The money's all been moved and hidden. The families will end up getting next to nothing, and the wicked will continue to prosper.

Actually, the attorney for the families indicated that "bankruptcy" is exactly what AJ would do.
And this would enable the families to delve even further into his finances to identify where the money is, to counter exactly this "strategy" on his part.

He indicated that it was not likely to work due to the added scrutiny it would place on his finances and the required disclosures from him.
 
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Not gonna lie I'm feeling a little bit. . . ok a lot of schadenfreude here.
 
The money's all been moved and hidden. The families will end up getting next to nothing, and the wicked will continue to prosper.


As they were announcing the verdict, I started to wonder about a follow up law suit from the families to force forensic accounting as i 100% expect he has been hiding money for the last 4 years.

see also @Joes Place 's post. I don't think he is getting off as free as he hopes / thinks. His main tactic is delay delay delay until that stress heart attack hits.
 
The Infowars fabulist Alex Jones filed for Chapter 11 personal bankruptcy on Friday, citing nearly $1.5 billion in damages juries awarded this year to the families of Sandy Hook shooting victims, who won a series of defamation cases against Mr. Jones after he lied for years about the school shooting.

The filing in the Southern District of Texas in Houston comes atop the bankruptcy filing by Free Speech Systems, Infowars’ parent company, in late July. The personal bankruptcy filing could further delay payment of the verdicts for the families, who would need to seek payment through the bankruptcy courts alongside other creditors. But it could also force a greater degree of scrutiny on the finances of Mr. Jones’s empire.

For more than four years of the Sandy Hook litigation, Mr. Jones has stonewalled the courts on providing business records, financial information and other records. In a separate lawsuit, the Sandy Hook families have accused Mr. Jones of improperly siphoning assets from his business and channeling them to himself and his family. He will now ostensibly be required to reveal more about those assets.

This is a developing story and will be updated.
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Actually, the attorney for the families indicated that "bankruptcy" is exactly what AJ would do.
And this would enable the families to delve even further into his finances to identify where the money is, to counter exactly this "strategy" on his part.

He indicated that it was not likely to work due to the added scrutiny it would place on his finances and the required disclosures from him.
I'll preface this by admitting I'm not a forensic accountant. I do some fraud investigations***, but not ones that cross borders, etc.

Wouldn't every movement - from his business, to him, to friends/family, to off-shore accounts, etc. make it less and less likely that the money can/will be recovered and given to the victims' families?

If the money was moved before there was a verdict, and if it's moved on since, what kind of punishment can you actually give anyone? Can't Jones say that the money was moved at a time where there was no judgement against him? Any any pass-through recipients can say they weren't aware of any legal issues - he just asked them to take this money and invest/deposit it here, etc?

I just don't get how it can lead to a place where the govt/lawyers can get to the money and recover it and hand it out to (at least partially) satisfy the judgement. I feel like the only way that was ever going to happen was for the courts to freeze everything from the moment something was filed to keep him from moving everything out.


**Mine are a lot simpler: This employee clearly stole money, had it deposited into a fake business account, transferred into his personal account, then sent it to a casino where he gambled it all away...
 
I'll preface this by admitting I'm not a forensic accountant. I do some fraud investigations***, but not ones that cross borders, etc.

Wouldn't every movement - from his business, to him, to friends/family, to off-shore accounts, etc. make it less and less likely that the money can/will be recovered and given to the victims' families?

If the money was moved before there was a verdict, and if it's moved on since, what kind of punishment can you actually give anyone? Can't Jones say that the money was moved at a time where there was no judgement against him? Any any pass-through recipients can say they weren't aware of any legal issues - he just asked them to take this money and invest/deposit it here, etc?

I just don't get how it can lead to a place where the govt/lawyers can get to the money and recover it and hand it out to (at least partially) satisfy the judgement. I feel like the only way that was ever going to happen was for the courts to freeze everything from the moment something was filed to keep him from moving everything out.


**Mine are a lot simpler: This employee clearly stole money, had it deposited into a fake business account, transferred into his personal account, then sent it to a casino where he gambled it all away...

Nope

No different than someone moving all their finances around, then filing for divorce and claiming they have no money to pay alimony. Doesn't work there, either.

Families will be able to track finances dating back years, to identify where money was transferred/hidden. And if he's doing it to avoid financial liabilities, there are criminal issues in play as well. They'll also get to look at his past taxes.
 
I cannot adequately put into words my disdain. Hatred. Of Alex Jones.

Was a point in my young life I believed some of his crap. Now I….

Man. I just don’t know. If I saw him in person I’d have a hard time not assaulting him. Leaving him decrepit. Unable to communicate and peddle his bullshit anymore.
 
That's a daring statement. That bar is awfully high.

I think if you exclude criminals, you would have a hard time finding a bigger POS than Alex Jones.

This is a person who took a look at people experiencing the worst grief anyone could possibly imagine and said "How could I make their lives worse? How could I make this even more painful for them?" I couldn't imagine doing that to my worst enemy, much less someone I had never even met before.
 
I cannot adequately put into words my disdain. Hatred. Of Alex Jones.

Was a point in my young life I believed some of his crap. Now I….

Man. I just don’t know. If I saw him in person I’d have a hard time not assaulting him. Leaving him decrepit. Unable to communicate and peddle his bullshit anymore.
Yet some folks will still platform him.
 
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Apparently Elon doesn’t know exactly what constitutes free speech

This is mostly just a matter of whether people like Alex Jones, or whether they don't like Alex Jones and what he stands for, but within that emotional online shouting match is a serious discussion about when to ban people from social media.

Musk wants us to believe he's some free speech crusader, but I don't buy it. In fact, the "freedom of speech" aspect to all of this is way off, and just muddies the waters when it comes to serious discussions about being banned from social media.

Twitter/X is a private platform and has standards of conduct. The issue is whether, given his past behavior, Jones can be trusted on such a broad public platform not to violate the standards of conduct. A guy with Jones's track record, and a $1.5 billion non-dischargeable judgment against him, makes him quite "dangerous" and essentially judgment-proof on social media.

The bad thing about defamatory online statements is that it's awfully hard to un-ring the bell, so I say keep him banned, because of his track record. But Musk won't do that because he's a juvenile sh*t-stirrer who enjoys pissing off liberals.
 
This is mostly just a matter of whether people like Alex Jones, or whether they don't like Alex Jones and what he stands for, but within that emotional online shouting match is a serious discussion about when to ban people from social media.

Musk wants us to believe he's some free speech crusader, but I don't buy it. In fact, the "freedom of speech" aspect to all of this is way off, and just muddies the waters when it comes to serious discussions about being banned from social media.

Twitter/X is a private platform and has standards of conduct. The issue is whether, given his past behavior, Jones can be trusted on such a broad public platform not to violate the standards of conduct. A guy with Jones's track record, and a $1.5 billion non-dischargeable judgment against him, makes him quite "dangerous" and essentially judgment-proof on social media.

The bad thing about defamatory online statements is that it's awfully hard to un-ring the bell, so I say keep him banned, because of his track record. But Musk won't do that because he's a juvenile sh*t-stirrer who enjoys pissing off liberals.
He's also desperate for the revenue that Jones will bring.
 
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