Alex Jones Discloses More Guns, Moving Crypto in Bankruptcy (1)

Right-wing conspiracist Alex Jones and his lawyers told creditors involved in his bankruptcy that he has 49 firearms and donated about $7.8 million worth of cryptocurrency to his businesses.

As creditors scrutinize his assets, Jones and his lawyers also said at a meeting Thursday that he owns several Rolex watches and a bag of silver coins.

The Department of Justice’s bankruptcy watchdog, the US Trustee, and others used the meeting to ask Jones questions about personal financial statements he filed last week.

Jones’ personal bankruptcy has temporarily protected him against roughly $1.4 billion in defamation judgments. Juries have found Jones and his company, Infowars parent Free Speech Systems LLC, financially liable for spreading falsehoods about the 2012 Sandy Hook Elementary School shooting that killed 20 children and six school staffers.

Jones’ bankruptcy protects him from creditor collection efforts and other court proceedings, but he is required to disclose all of his assets and business activities.

Last week, Jones disclosed that he has been “holding firearms” for people who participated in the Jan. 6 attack at the US Capitol.

US Trustee Jayson Ruff on Thursday told Jones that he needs to better describe his personal and household items.

“It needs to

Read the rest

Alex Jones Holding Onto Jan. 6 Rioters’ Guns: Bankruptcy Docs

  • Alex Jones is holding onto firearms for January 6 rioters, The Washington Post reported.
  • Jones filed for bankruptcy after a judge ordered he pays the families of Sandy Hook victims.
  • The controversial talk show host had been subpoenaed for his role in the Jan. 6 insurrection.

InfoWars conspiracy theorist Alex Jones reported that he’s holding onto guns for two January 6th rioters, according to bankruptcy paperwork obtained by The Washington Post

The document required that he identify property in his possession that he does not own. Among the items, Jones wrote that he’s “holding firearms for certain January 6th participants,” the document reads, per the Post.

Jones recently told HuffPost that he is holding onto weapons for InfoWars War Room host Owen Shroyer and video editor Sam Montoya. Shroyer and Montoya were two of more than a thousand people charged in the Capitol riot so far.

“Both their lawyers respectively asked us if they could store those guns here while the cases were going on,” Jones told the outlet. “Due to the request of their

Read the rest

Infowars host files for Chapter 11 bankruptcy

nfoWars founder Alex Jones speaks to the media outside Waterbury Superior Court during his trial on September 21, 2022 in Waterbury, Connecticut.

InfoWars founder Alex Jones speaks in Waterbury, Conn. Photo: Joe Buglewicz/Getty Images

Alex Jones filed for personal bankruptcy in Texas on Friday, according to a court filing.

Why it matters: The Chapter 11 bankruptcy filing comes after Jones and his company, Free Speech Systems, were ordered to pay almost $1.5 billion in damages for falsely claiming the Sandy Hook mass shooting was a hoax.

Driving the news: The bankruptcy filing said Jones owns between $1 million and $10 million of assets with $1 billion to $10 billion of liabilities.

  • Jones’ affiliate business Free Speech Systems is also mentioned in the lawsuit, having filed for bankruptcy in July.

What they’re saying: “Like every other cowardly move Alex Jones has made, this bankruptcy will not work,” said Chris Mattei, the attorney representing the Sandy Hook families, in a statement to Axios.

  • “The bankruptcy system does not protect anyone who engages in intentional and egregious attacks on others, as Mr. Jones did. The American judicial system will hold Alex Jones accountable, and we will never stop working to enforce the jury’s verdict.”

Zoom out: A Connecticut jury ordered Jones to pay $965 million in damages to Sandy Hook victims in a defamation

Read the rest

Connecticut attorneys weigh in on Alex Jones bankruptcy

Jones has been ordered to pay about $1.5 billion to the families of Sandy Hook victims.

HARTFORD, Conn. — Alex Jones, the controversial host of Infowars, filed for bankruptcy protection Friday.

He claims he’s out of money and owes creditors millions, but he’s chauffeured around by private bodyguards in big new expensive vehicles, still selling his supplements, asking his fans to donate to his legal defense fund and encouraging them to give him cryptocurrency.

“All those people who are giving him money, they are working for the plaintiffs. They’re not working for him,” said Jim Bergenn, an Attorney for Shipman & Goodwin. Prior to personal bankruptcy filing, his company, Free Speech Systems, also filed for bankruptcy in April. “For the rest of his life he can never accumulate wealth,” said Bergenn.

Sign up for the FOX61 newsletters: Morning Forecast, Morning Headlines, Evening Headlines

In total, Jones has been ordered to pay about $1.5-billion to Sandy Hook families after being found liable for defamation for claiming the school massacre was a hoax and the victim’s families were actors. “All they want is some billion-dollar number. This is ridiculous. I don’t have two million dollars,” said Jones of his Infowars show.


Read the rest

Revlon executives to get up to $36M in bankruptcy bonuses

“In fact, the metrics imposed are indeed tall orders and serious challenges,” Jones said. “They will require the senior executive team to not only work hard, which I have no doubt they’re doing, but also work extremely effectively, probably creatively, and in ways I don’t even know.”

Bankruptcy bonuses are commonly ladled out by ailing companies to top management shortly before or soon after filing for Chapter 11 protection. In 2005 Congress amended the bankruptcy code and aimed to rein in “retention bonuses” doled out to executives simply for staying on the job. Companies responded by labeling payouts as “incentive bonuses” and tied them to financial goals that could benefit the reorganization.

But critics say the goals are typically easy to meet and amount to backdoor executive payout schemes at companies scrambling for every dollar.

Nonetheless, judges typically approve bankruptcy bonuses because they feel doing so will maximize value going forward, even if the bonus recipients are the same people who led the company into Chapter 11.

“It is a tricky thing to explain how and why you need your senior management team to stick around,” acknowledged Jones, who drew comfort from the fact all of Revlon’s creditors support its

Read the rest