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HOUSTON, June 14, 2024. A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones’ personal assets but is still deciding on a separate bankruptcy case for his company, leaving the future of his media platform Infowars uncertain. Jones lost $1.5 billion over his false claims that the Sandy Hook Elementary School shooting was a hoax, the Associated Press reported.
Judge Christopher Lopez approved converting Jones’s personal bankruptcy reorganization proposal to a liquidation. On Friday afternoon, he heard testimony on whether Infowars’ parent company, Texas-based Free Speech Systems, should also be liquidated.
Many of Jones’ personal assets will be sold, but his primary home in the Austin area and some other properties will be spared from bankruptcy. He has decided to sell his Texas ranch valued at about $2.8 million, a collection of weapons and other assets to pay off debts.
The liquidation of Free Speech Systems means Jones will lose control of the company and its assets will be sold. It will lose Infowars’ Austin studio and its team, the company’s social media accounts and all copyrights. A bankruptcy trustee will oversee the company and the liquidation. The Sandy Hook families also want Jones to lose his personal social media accounts, but he objects. Some of Jones’ supporters, including former Donald Trump adviser Roger Stone, have said they may try to buy Infowars.
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