Alex Jones’s Infowars Empire Crumbles: Court Orders Asset Seizure While He Vows to Stay On Air

Latest Developments in the Alex Jones Legal Saga

Conspiracy theorist Alex Jones faces a major setback as a Texas state judge has ordered Infowars’ assets to be turned over to a newly-appointed receiver, who will sell them to pay the families of the Connecticut children killed in the 2012 Sandy Hook Elementary School shooting.

Financial Implications and Legal Battles

U.S. bankruptcy Trustee Christopher Murray has filed three suits accusing Jones of hiding millions in cash and property. The trustee is asking the judge to undo what he describes as a scheme showing ‘classic hallmarks of actual fraudulent intent.’ According to Murray, Jones understood he was facing massive liabilities and went to ‘extraordinary lengths’ to protect his assets.

Specifically, the allegations include fraudulent transfers of nearly $1.5 million to various Jones-associated entities, $1.5 million to his wife, more than $800,000 in cash and property to his father, and attempts to hide ownership of two condominiums in Austin, Texas, valued at over $1.5 million.

Current Operations and Future Prospects

Despite the legal challenges, Infowars’ parent company, Free Speech Systems, which employs 44 people, had nearly $4 million in cash on-hand at the end of April. The business continues to generate revenue, making nearly $3.2 million in April alone from selling dietary supplements, clothing, and other items Jones promotes on his show.

In response to the court order, Jones has declared the Texas court order improper and vowed to continue broadcasting, claiming he has another studio already prepared for such a scenario.

The Road Ahead

While Jones could potentially start a new company or work for someone else if Infowars’ brand and property are sold, the bankruptcy judge’s ruling that Jones’s behavior was ‘willful and malicious’ means the bankruptcy will not erase his debt. The families can continue claiming any money he makes in the future until he pays the $1.3 billion owed.