Bankrupt Alex Jones, who owes almost $1.5 billion to relatives of Sandy Hook victims, is spending nearly $100k a month

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Infowars founder Alex Jones speaks to the media on September 21, 2022.

• Alex Jones is spending almost $100k a month, according to bankruptcy paperwork.
• His monthly outgoings are mainly on taxes, childcare, alimony, and home repairs.
• Jones declared bankruptcy after being ordered to pay almost $1.5 billion in court-awarded damages.

InfoWars founder Alex Jones owes almost $1.5 billion in court-awarded damages to the families of the victims of the 2012 Sandy Hook school shooting. But the bankrupt conspiracy theorist is still spending nearly $100,000 a month, according to bankruptcy paperwork.

The paperwork, which was filed this week with a Texas bankruptcy court, includes details about Jones' possessions, assets, debts, and spending.

According to the filings, Jones' estimated monthly expenses total $99,645.

BBC News was the first to report this detail.
Jones' biggest monthly outgoings included more than $40,000 on taxes, $14,000 on childcare and education, $10,000 on alimony and child support, and $7,450 monthly spending on home repairs and maintenance.

The filings also show that he spends $4,500 a month in total on entertainment, clubs, recreation, newspapers, magazines, and books.

Jones filed for personal bankruptcy late last year, citing the debts he owed as a result of court-awarded damages related to spreading false claims about the Sandy Hook shooting.

Jones claimed that the shooting was staged by the US government to provide a pretext for restricting gun ownership.

In November 2022 he was ordered to pay $965 million in compensatory damages to families who lost loved ones in the shooting, and a further $473 million in punitive damages.

The bankruptcy filings show that Jones currently owns three homes in Austin, Texas, three cars, and two boats. His assets are worth approximately $10 million.

Jones listed himself as a media personality and "dietary supplement sales" — the latter a reference to the supplements and health products he sells via InfoWars.

In another document from the bankruptcy filings, in a section to disclose property in his possession but not owned by him, Jones declared that he was "holding firearms for certain January 6th participants."

Jones had been subpoenaed by the House Select Committee investigating the January 6 insurrection for his part in organizing the "Stop the Steal" rally that preceded the riot.

Insider reported that he pleaded the fifth to almost all of the questions asked by investigators.


Bankrupt Alex Jones, who owes almost $1.5 billion to relatives of Sandy Hook victims, is spending nearly $100k a month (msn.com)

 

[therealjondoe]

 

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[blackbull1970]

Alex Jones would get $520,000 salary under bankruptcy plan

Alex Jones’ company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year, while leaving $7 million to $10 million annually to pay creditors, including relatives of the Sandy Hook school shooting victims

By DAVE COLLINS Associated Press
March 8, 2023, 4:28 PM ET

Alex Jones would get $520,000 salary under bankruptcy plan

Alex Jones’ company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year, while leaving $7 million to $10 million annually to pay creditors, including relatives of the Sandy Hook school shooting victims

abcnews.go.com

Alex Jones' media company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year while leaving $7 million to $10 million annually to pay off creditors, including relatives of Sandy Hook shooting victims.

The Sandy Hook families won nearly $1.5 billion in lawsuits last year against the Infowars host, for his calling the 2012 shooting that killed 20 children and six educators in Newtown, Connecticut, a hoax perpetrated by crisis actors. The families also said they were harassed and threatened by Jones' followers.

But it remains unclear how much money the Sandy Hook families will actually get from Jones and Infowars' parent company, Free Speech Systems. Jones is appealing the verdicts and has said on his show that he has $2 million or less to his name.

Free Speech Systems, owned solely by Jones, filed a proposed reorganization plan Tuesday in its Chapter 11 bankruptcy case in Houston that predicts it will have $7 million to $10 million annually after expenses to pay creditors from 2023 to 2027. The judge in the case, which was filed last year, would determine who gets that money and how much.

A bankruptcy lawyer for Jones did not respond to an email message Tuesday. Lawyers in Texas and Connecticut for the Sandy Hook families declined to comment.

The new filing shows the company expects to sell more than $30 million a year in dietary supplements, which Jones hawks on his show and are the company's main source of income.

Meanwhile, Jones and an expected new chief operating officer would each be paid $520,000 per year. The company also would hand out $560,000 to nearly $1.3 million per year in executive incentives and another $352,000 to $677,000 in employee bonuses annually.

Free Speech Systems, which has more than 40 employees, would pay $780,000 to $940,000 per year all together to its workers. It would pay another $839,000 to $1 million annually to contract employees.

Jones, who lives and works in Austin, Texas, also has filed for personal bankruptcy.

“I’m officially out of money, personally,” Jones said on Infowars in December. “It’s all going to be filed. It’s all going to be public. And you will see that Alex Jones has almost no cash.”


That contradicted testimony at one of last year's trials by a forensic economist who said Jones and his company had a combined net worth as high as $270 million.

The Sandy Hook families are contesting parts of Free Speech System's bankruptcy, including a more than $50 million debt the company says it owns to another creditor, PQPR Holdings Limited LLC. Free Speech Systems buys dietary supplements from PQPR to sell on the Infowars website.

Jones has an ownership stake in PQPR, which is managed by his father, David Jones, according to the filing by Free Speech Systems.

During a hearing related to Jones' personal bankruptcy case on Wednesday, lawyers for both Jones and his creditors expressed frustration with difficulties in obtaining accurate financial information from Jones that have caused delays in the filing of required court documents.

 

[lightbright]

Alex Jones would get $520,000 salary under bankruptcy plan

Alex Jones’ company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year, while leaving $7 million to $10 million annually to pay creditors, including relatives of the Sandy Hook school shooting victims

By DAVE COLLINS Associated Press
March 8, 2023, 4:28 PM ET

Alex Jones would get $520,000 salary under bankruptcy plan

Alex Jones’ company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year, while leaving $7 million to $10 million annually to pay creditors, including relatives of the Sandy Hook school shooting victims

abcnews.go.com

Alex Jones' media company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year while leaving $7 million to $10 million annually to pay off creditors, including relatives of Sandy Hook shooting victims.

The Sandy Hook families won nearly $1.5 billion in lawsuits last year against the Infowars host, for his calling the 2012 shooting that killed 20 children and six educators in Newtown, Connecticut, a hoax perpetrated by crisis actors. The families also said they were harassed and threatened by Jones' followers.

But it remains unclear how much money the Sandy Hook families will actually get from Jones and Infowars' parent company, Free Speech Systems. Jones is appealing the verdicts and has said on his show that he has $2 million or less to his name.

Free Speech Systems, owned solely by Jones, filed a proposed reorganization plan Tuesday in its Chapter 11 bankruptcy case in Houston that predicts it will have $7 million to $10 million annually after expenses to pay creditors from 2023 to 2027. The judge in the case, which was filed last year, would determine who gets that money and how much.

A bankruptcy lawyer for Jones did not respond to an email message Tuesday. Lawyers in Texas and Connecticut for the Sandy Hook families declined to comment.

The new filing shows the company expects to sell more than $30 million a year in dietary supplements, which Jones hawks on his show and are the company's main source of income.

Meanwhile, Jones and an expected new chief operating officer would each be paid $520,000 per year. The company also would hand out $560,000 to nearly $1.3 million per year in executive incentives and another $352,000 to $677,000 in employee bonuses annually.

Free Speech Systems, which has more than 40 employees, would pay $780,000 to $940,000 per year all together to its workers. It would pay another $839,000 to $1 million annually to contract employees.

Jones, who lives and works in Austin, Texas, also has filed for personal bankruptcy.

“I’m officially out of money, personally,” Jones said on Infowars in December. “It’s all going to be filed. It’s all going to be public. And you will see that Alex Jones has almost no cash.”


That contradicted testimony at one of last year's trials by a forensic economist who said Jones and his company had a combined net worth as high as $270 million.

The Sandy Hook families are contesting parts of Free Speech System's bankruptcy, including a more than $50 million debt the company says it owns to another creditor, PQPR Holdings Limited LLC. Free Speech Systems buys dietary supplements from PQPR to sell on the Infowars website.

Jones has an ownership stake in PQPR, which is managed by his father, David Jones, according to the filing by Free Speech Systems.

During a hearing related to Jones' personal bankruptcy case on Wednesday, lawyers for both Jones and his creditors expressed frustration with difficulties in obtaining accurate financial information from Jones that have caused delays in the filing of required court documents.

FUCK that ho..... take everything he has and put him on Sec-8

 

[Helico-pterFunk]

Alex Jones spent $2.2M in eight months despite owing $1.5 billion

Jones filed for bankruptcy in December, just a few months after being told to pay $965million in compensation and an additional $473million in punitive damages.

www.dailymail.co.uk