Whether this means any of the Sandy Hook families he tortured for years will ever see a dime from him remains to be seen.
Jones received a short reprieve from the bankruptcy judge this week, but it appears that didn't mean much in the end with the moves made by Jones this Thursday.
Right-wing conspiracy theorist Alex Jones on Thursday moved to liquidate his personal assets, agreeing to demands from the families of Sandy Hook victims whom he owes more than $1.5 billion in damages over his lies about the 2012 school massacre.
The seismic move paves the way for a future in which Jones no longer owns Infowars, the influential conspiracy empire he founded in the late 1990s. Over the years, Jones has not only used the media company to poison the public discourse with vile lies and conspiracy theories, but also to enrich himself to the tune of millions of dollars.
Prior to Thursday, Jones had resisted converting his personal bankruptcy into a Chapter 7 liquidation. But facing mounting legal pressure, he reversed course and caved to the demands of the Sandy Hook families, who have still not seen a penny from Jones since juries in Connecticut and Texas found him liable in 2022 for defamation and emotional distress. His lawyers said in a filing that there was “no reasonable prospect for a successful reorganization” and that continuing down the path would only result in additional expenses incurred by Jones.
The legal maneuver ultimately “means [Jones’] ownership in Free Speech Systems is going to get sold,” Avi Moshenberg, an attorney who represents some of the Sandy Hook families, told CNN on Thursday night, referencing the parent company of Infowars.
“Converting the case to Chapter 7 will hasten the end of these bankruptcies and facilitate the liquidation of Jones’s assets, which is the same reason we have moved to convert his company’s case to Chapter 7,” Chris Mattei, another attorney representing Sandy Hook families, told CNN.
CNN's Oliver Darcy weighed in on what this means for Jones and for InfoWars during Kaitlan Collins' show this Thursday:
DARCY: Well, for one, the families are going to hopefully see some money. They haven't seen a dime since these judgments came down, meaning the Alex Jones owes them $1.5 billion for telling this really heinous lie about the Sandy Hook shooting back in 2012.
It also means that he's no longer eventually going to own InfoWars, which is this conspiracy empire that he's used for years and years to peddle all sorts of lies and conspiracy theories. He's eventually going to lose control of that.
It is a little bit confusing because his company is in bankruptcy court, and he's personally in bankruptcy court, but because he owns the company, it's part of his personal assets, this does mean he will lose control of the company well.
