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Alex Jones to lose Infowars after agreeing to liquidate personal assets to pay Sandy Hook families
Law & Crime by way of MSN ^ | 06/08/2024 | Jerry Lambe

Posted on 06/08/2024 10:16:32 AM PDT by thegagline

Embattled conspiracy theorist Alex Jones this week asked a federal bankruptcy court to liquidate his personal assets to help him pay out the $1.5 billion judgment levied against him for his repeated defamatory statements about the 2012 mass shooting in Newtown, Connecticut, including his false claim that the tragedy was a “giant hoax.”

The move comes after the families last weekend filed an emergency motion in the U.S. Bankruptcy Court for the Southern District of Texas asking the presiding judge to order Free Speech Systems the parent company of Infowars, to sell off its assets and put the proceeds toward paying out the families Jones defamed. In the motion, the families argued that Free Speech Systems has “no hope” of coming up with a reorganization plan and has “failed to demonstrate any hope of beginning to satisfy the Connecticut Families’ claims.”

*** In his latest filing asking the court to convert his Chapter 11 bankruptcy into a Chapter 7 liquidation, Jones said there was “no reasonable prospect of a successful reorganization” of his debt. While Chapter 11 bankruptcy would allow Jones to retain control of his assets and create a debt restructuring plan, the increased administrative costs ultimately come with “little benefit” to Jones going forward, the document states.***

Under a Chapter 7 liquidation, a court-appointed trustee would oversee the selling off of most of Jones’ assets, ***The process would likely force Jones to sell most of his personal property, including his right-wing conspiratorial empire Infowars. He would not have to sell items exempt from bankruptcy proceedings, such as his home and personal vehicle, among other things.

***

Ultimately, it means that “ownership in Free Speech Systems is going to get sold,” Avi Moshenberg, another attorney representing the victim’s families told the network.

***

(Excerpt) Read more at msn.com ...


TOPICS:
KEYWORDS: 2012; alexjones; connecticut; freespeechsystems; huckster; infowars; lawfare; newtown; snakeoil
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To: E. Pluribus Unum

I have?


61 posted on 06/08/2024 12:56:09 PM PDT by joesbucks
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To: Attention Surplus Disorder

Attention Surplus Disorder wrote: “I’m no Alex Jones fan, he’s entertaining once in a blue moon, but what in the name of hell he expected to gain out of his Sandy Hook bender is completely incomprehensible.”

Simple. Jones makes his money from the snake oil supplements he sells. Jones makes outrageous statements to attract customers to his website where he sells the snake oil. IOW, he slandred the victims and parents at Sandy Hook to make a profit.


62 posted on 06/08/2024 1:04:23 PM PDT by DugwayDuke (Most pick the expert who says the things they agree with.)
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To: E. Pluribus Unum

I never said Jones murdered them. I’ve long claimed he lied that it was a false flag operation. I don’t believe I’ve ever mentioned Lanza. But if you can prove your allegations, go for it.


63 posted on 06/08/2024 1:08:09 PM PDT by joesbucks
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To: joesbucks

You’re doublespeak is straight out of 1984.

What a loon.


64 posted on 06/08/2024 1:19:25 PM PDT by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
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To: E. Pluribus Unum

Proof pal. Show where I support Lanza and claim Jones killed the Sandy Hook kids.


65 posted on 06/08/2024 1:21:39 PM PDT by joesbucks
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To: joesbucks

Prove you ever said one thing bad about Adam Lanza.

You’ve said thousands of things about Alex Jones.

You are so psychotic with hatred that you think saying a few words is infinitely worse than murdering 26 people.

Why do you support a mass murderer?


66 posted on 06/08/2024 1:24:57 PM PDT by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
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To: EEGator

He was destroyed by the .gov.

Remember that was leaked by undercover honeypots.

Not saying AJ is sane, he isn’t, but he was destroyed by the government.


67 posted on 06/08/2024 1:38:35 PM PDT by redgolum
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To: E. Pluribus Unum

Show me where I’ve supported Lanza? It’s all in the archives. Dig it out. Or are you just lying and hope it sticks?


68 posted on 06/08/2024 1:41:06 PM PDT by joesbucks
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To: Widget Jr

Well you can always give up and lose as we are beyond the winning of hearts and minds as just as the Communists have said we are catching them early in Elementary school and they will never stray...but to address your point sometimes you have to get down in the gutter...or you can keep doing what you been doing and won’t be long before they come Lawfare on you.


69 posted on 06/08/2024 1:58:19 PM PDT by dpetty121263
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To: gibsonguy
That said, WTH was Jones thinking.

He was thinking that you can't trust the media or government, people here used to do that, not so much anymore.

70 posted on 06/08/2024 6:48:39 PM PDT by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: joesbucks
Why are we supporting a liar?

Take a break Joe, isn't there some grandmother out there praying in front of an abortion clinic you can be working to get jailed?

71 posted on 06/08/2024 6:54:14 PM PDT by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: Attention Surplus Disorder
what in the name of hell he expected to gain out of his Sandy Hook bender is completely incomprehensible.

Maybe a little truth? People that believe ever government plot to conceal the truth of these anti-2A operations probably believe we know the truth of the Los Vegas mass shooting.

72 posted on 06/08/2024 6:57:59 PM PDT by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: bigbob
He lost, and he has to pay.

And Trump needs to go to jail, right?

73 posted on 06/08/2024 6:58:59 PM PDT by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: E. Pluribus Unum
Jones spent 40 minutes on Sandy Hook over 7 years of 4 hours per day 5 days per week shows, and he mostly let callers talk about it.

Notice how your main point here was deflected and ignored.

74 posted on 06/08/2024 7:03:38 PM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: joesbucks; E. Pluribus Unum
I don’t believe I’ve ever mentioned Lanza.

You believe a lot of stuff that isn't true.

But you do you, joesbucks.  

75 posted on 06/08/2024 7:05:57 PM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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To: itsahoot

Not my gig. But why are we supporting an admitted liar?


76 posted on 06/08/2024 7:09:15 PM PDT by joesbucks
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To: joesbucks

Just this one?


77 posted on 06/08/2024 7:13:36 PM PDT by Fuzz
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To: ETCM
I'm not neutral on Jones. He's a scumbag grifter who will say anything for money.

Boy I would hate to be on your prejudiced side.

78 posted on 06/08/2024 7:15:29 PM PDT by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: Fuzz

Good point.


79 posted on 06/08/2024 7:45:32 PM PDT by joesbucks
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To: itsahoot
Take a break Joe, isn't there some grandmother out there praying in front of an abortion clinic you can be working to get jailed?

It's not his gig this week.

He's still fighting rear-guard for "Wetback Cur" Merchan and defending Joe "I Squat To Drop" Biden.

80 posted on 06/08/2024 7:46:44 PM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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