Posted on 06/07/2024 10:36:26 PM PDT by Cronos
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.
...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.
Jones technically has not controlled the Infowars business for some time, given that Free Speech Systems has also filed for bankruptcy protection. The company’s business has, thus, been under the supervision of a court appointed restructuring officer.
...The liquidation of Jones’ assets does not mean that Infowars will cease to exist. Several outcomes are possible. The court-appointed trustee could sell the business to another owner, for instance.
A representative for Jones did not immediately respond to a request for comment Thursday night.
(Excerpt) Read more at edition.cnn.com ...
And what was the legal basis for beggaring Alex Jones...?
“Who knows what financial mechanisms that Jones has used to pull wealth out and hide it from the auditors.”
Oh PUHLEESE !!
J30 can you hear yourself ?
FedGov is intimately knowledgeable about ALL citizens(formerly)/inhabitants DNA and down to underwear.
You are such a lamb. So innocent.
If you stubbornly refuse to investigate beyond your own myopia just stop responding. You seem to have latched on tl a narrative and simply refuse to be educated. Now, the next time you respond either try to rebut the facts as laid out by Barnes or just stfu. This is getting tiresome.
When you are running a business, you only want to play with house money. The business is there to generate wealth for you. You don’t keep your personal assets in that business, if at all possible. You always want to be able to walk away from the business if anything happens to it.
You only keep enough in the business to run it and you pull everything else out. We don’t know the details of Alex Jones finances, but the smartest he could do is not own his assets. Have some other arrangement where you don’t own them directly.
If Barnes is right, he should have won his case.
It’s that simple.
Meanwhile, Adam’s apparently ambivalent father remains unnoticed.
There is a certain amount of time before you file bankruptcy, where if you remove or hide assets from the creditors you would be guilty of bankruptcy fraud.
It’s one of the reasons when the case converts to Chapter 7, the Trustee will shut down the business immediately, it keeps the debtor from potentially getting into the business and removing assets.
If Alex Jones is dumb enough to do that, then he deserves what comes his way.
I’ve repeatedly said, the best move for Alex Jones is to work with the Trustee, get all the assets turned over and get case resolved quickly, so he can start over in a short amount of time.
If he can find a sugar daddy, he’s untouchable.
= = =
That would seem to be a solution.
But I see that this is about more than money. It is to silence Alex Jones forever. The 1.5 billion did not do it, and moved very slowly. Jones still on air.
So, the process ramped up to silence him. I suspect some parents of being prodded by lawyers (and behind the scenes actors) to ‘finally get Jones’.
If a sugar daddy stepped up with a big pile to pay off the parents, I don’t think it would be allowed, somehow. This is silencing Jones. The families have survived this long without their share (however many millions it is). It’s not the money.
SCOTUS has decided that selective prosecution in criminal cases is unconstitutional.
I wonder if there’s been any ruling relating to outcomes of civil cases.
Why one person is just a loon and/or an anal sphincter (or a politician just engaging in bombastic hyperbole), but another is guilty of defamation and gets taken to the cleaners.
Listen, dipstick, the point is that the “trial” was a complete travesty of justice. Trump should have been acquitted too, but when the system is rigged the system wins. Are you really this naive?
Note to Sandy Hook parents: I’d have had great respect for you if you’d asked for a buck from Jones and for him to cover your legal fees.
Wonderful question.
What is the time frame beforehand, out of sensible business practices, can he do that?
It’s simply a good business practice to reduce your financial footprint in your business as a principle.
Yeah like PDJT or ANYONE lower can hide assets.
Who’s being a lamb or who’s being a dumbA
Not pay off the parents. To start a studio, where the sugar daddy owns everything for the length of time that Alex creditors can still go after him.
It’s not forever that they can keep going after his assets. At that point in time, Jones buys everything back.
By selective, I assume you mean prosecute one individual and not another. That’s not what I mean.
What I mean is that officers can watch you die and then start the process of prosecution against whom harmed you.
That’s why the reward was so small in Uvalde, likely. The officers could have waited for every kid to shot dead and then enter the building to begin the process of prosecution.
https://www.findlaw.com/legalblogs/law-and-life/do-the-police-have-an-obligation-to-protect-you/
Anybody can hide assets, perfectly legal what you do as long as you follow the law.
There is nothing stopping me from handing all my assets to my brother, make him an extremely well paid employee who just happens to end up owning everything that was once mine.
That’s one interpretation.
Mine is that the state ensured that it got the outcome that in wanted in the Uvalde case.
And the difference in those outcomes is telling.
I can see some using the police obligations to make an arguement for gun control. Sure, keep the police back to make it seem that a lone crackpot is untouchable if he has a gun.
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