Alex Jones welcomes bankruptcy plot to tie up Sandy Hook damage ‘for years’

Far-right conspiratorial podcaster Alex Jones gushed over his show about how his latest bankruptcy plan would cut libel damages to Sandy Hook families and even tie up the reduced amounts ‘for years’ .

Jones signed a petition for Chapter 11 bankruptcy protection on Friday to protect the parent company of the Infowars podcast, Free Speech Systems LLC, his co-defendant in two defamation cases. Infowars reportedly brought in $65 million in revenue last year.

Jones was found guilty of defamation last year in cases in Connecticut and Texas for repeatedly insisting that the 20 first graders killed in a mass shooting at Sandy Hook Elementary School in 2012 in Newtown, Connecticut – and their devastated parents – were actors in a fake anti-gun stunt staged by the US government. (Six adults were also killed.)

The trial in Texas, where Infowars is based, is currently being held to determine the amount of damages Jones should pay.

Jones attempted – and was forced to abandon – a similar scheme earlier this year when he filed for bankruptcy protection for Infowars and for companies holding trademark and web domain rights in an attempt to force a restrictive monetary settlement with the Sandy Hook families.

Jones claimed on his podcast on Sunday that his current bankruptcy filing would reduce the bail he will have to post for an appeal to just half of his (reported) net worth – and then he still plans to tie up any damages decided in that amount reduced “for years” as his Infowars podcast continues to run. He also claimed “we never lied” and that “all we have is our credibility”.

Jones’ financial scheme unfolded during dramatic testimony about the pain and suffering of Sandy Hook families, who not only grapple with the loss of their children in a mass shooting, but are also being forced to cope. harassment and death threats by Jones. supporters who are armed with his lies.

Parents of the deceased children suffer from both post-traumatic stress disorder and a constant fear that Jones supporters will kill them, a psychiatrist testified Monday at Jones’ defamation trial in Austin, Texas.

“The overwhelming cause of their pain is what Jones does,” said Roy Lubit, a forensic psychiatrist hired by the plaintiffs.

Lubit pointed to the experience of plaintiffs Neil Heslin and Scarlett Lewis, who lost their 6-year-old son, Jesse Lewis, in the massacre.

Heslin was accosted on the street and Lewis has set up surveillance equipment and is sleeping with a gun, knife and pepper spray by his bedside.

The families are not backing down in the fight, despite Jones’ latest bankruptcy plot, their attorneys have said.

Jones’ once again fled like a coward to bankruptcy court in a transparent attempt to delay confrontation with the families he has spent years hurting,” Connecticut attorney Chris Matei said in a statement.

But lawyers raised concerns in court Monday during a bankruptcy filing hearing about the structure of Jones’ latest move – and its timing.

Free Speech Systems is seeking a special kind of bankruptcy protection that allows small businesses to speed up insolvency, Bloomberg reported. It is generally aimed at companies that owe less than $7.5 million. Infowars’ parent company is claiming more than $50 million in debt, much of it owed to PQPR Holdings, which is owned by Alex Jones, according to another lawsuit against Jones.

“There are a lot of red flags surrounding this bankruptcy,” Avi Moshenberg, an attorney involved in a fraudulent transfer lawsuit against Jones and Infowars in Texas, said during the Chapter 11 hearing. small business.”

Alinor Sterling, an attorney representing the Sandy Hook families in one of the defamation lawsuits, expressed “serious concerns” during the hearing “based on the Connecticut discovery that Alex Jones systematically misappropriated large sums of money from Free Speech Systems”.

In the bankruptcy filing, Free Speech Systems listed $14.3 million in assets, including nearly $1.16 million in cash and nearly $1.6 million in property and equipment as of May 31. , reported the Associated Press. He also claimed $79 million in debt, with $54 million in debt owed to PQPR Holdings.

In addition to Infowars’ large annual earnings, Jones was the beneficiary of a secret cryptocurrency angel, which handed over approximately $6 million of the coin in May for a total of almost $8 million worth of crypto. -currency in less than a month, the Southern Poverty Law Center reported.

Jones will then face a Connecticut jury in September to determine damages in that case. Jury selection began this week.

Jones, who is linked to extremist groups behind the storming of the US Capitol on January 6, 2021, is also at the center of investigators for his role in planning the events leading up to the violence.


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