Radio host Alex Jones is on the verge of losing his media platform Infowars as a federal bankruptcy judge will rule Friday on whether to liquidate his assets to help pay the $1.5 billion he owes for his false claims about the Sandy Hook Elementary School shooting.
A hearing is scheduled in U.S. Bankruptcy Court in Houston to decide the fate of the company he turned into a multibillion-dollar money maker over the past 25 years, AP. reports.
The AP details that Jones has been telling his web viewers and radio listeners that Infowars' parent company, Free Speech Systems, is about to close due to bankruptcy.
File/Infowars founder Alex Jones is questioned by plaintiff's attorney Chris Mattei next to Judge Barbara Bellis, right, during testimony at the Sandy Hook defamation damages trial in Connecticut Superior Court in Waterbury, Conn., Thursday, Sept. 22, 2022. (Tyler Sizemore/Hearst Connecticut Media via AP, Pool)
He's also asked them to download videos from his online archive to preserve them and pointed them to a new website for his father's company if they want to continue buying the dietary supplements he sells on his show.
Jones, 50, is said to have told his show on Wednesday that it could be a matter of hours or days before he loses the company, but remained optimistic about his own future:
I think it is very accurate to say that Infowars is a sinking ship.
Infowars will live on with all the great work we've done, all the reports we've put out, thanks to you saving and sharing them, and of course I'll be back stronger than ever.
But I'll stick with the ship until it sinks completely. … At the last moment, I will step on the next boat.
A liquidation would mean Jones' assets would be sold to satisfy his debts.
It could also mean Jones finally loses ownership of Free Speech Systems, Infowars, the company's social media accounts and all associated copyrights, according to Breitbart News reported.
The final details have not yet been decided.
Free Speech Systems, based in Jones and Austin, Texas, filed for bankruptcy protection in 2022 when relatives of many victims of the 2012 Sandy Hook school shooting that killed 20 first-graders and six educators in Newtown, Conn., won judgments of more than $1.4 billion. in Connecticut and $49 million in Texas.
File/Infowars hosts Alex Jones supporters rally on November 5, 2020 in Phoenix. A federal bankruptcy judge cleared the way for a defamation lawsuit, filed by relatives of some victims of the 2012 massacre at Sandy Hook Elementary School in Newtown, Conn., to proceed against Jones. (AP Photo/Matt York, File)
Attorneys for the Sandy Hook families have been seeking settlement.
“Doing so will allow Connecticut families to enforce their $1.4 billion in judgments now and in the future, while depriving Jones of the ability to inflict massive damages as he has for some 25 years,” he said Chris Mattei, attorney for the families. in the case of Connecticut, according to the AP report.
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