Alex Jones' Generous Move: Selling Assets To Support Sandy Hook Families, Amidst Infowars' Uncertain Future

 A federal bankruptcy judge approved the liquidation of Alex Jones’ personal assets to help pay the victims of the Sandy Hook Elementary School massacre on Friday, as the radio host owes the families nearly $1.5 billion in damages for spreading baseless conspiracy theories about the shooting—but the future of his media company Infowars is up in the air.

 Judge Christopher Lopez approved Jones’ request to convert his bankruptcy filing into a Chapter 7 liquidation, allowing a trustee to oversee and sell Jones’ assets, according to filings in the U.S. Bankruptcy Court for the Southern District of Texas.

Jones’ latest financial statement with the bankruptcy court reported about $9 million in assets, including a home in Austin, Texas, valued at $2.8 million, which Lopez reportedly allowed Jones to sell in March.

Some of the Sandy Hook families requested Lopez install a permanent trustee who can “safeguard assets and prevent further value destruction” in a separate filing Thursday, accusing Jones of “erratic behavior over the past weeks” after he claimed on Infowars he has no assets other than the money he makes from selling nutritional supplements.

The families also allege Jones is diverting assets from Free Speech Systems, his media company, to fund future business operations.

Jones has acknowledged his legal battles could mean the end of Infowars, the conspiracy-tinged media empire he founded decades ago. Lopez is still considering whether to allow the assets of Free Speech Systems—the parent company of Infowars—to be liquidated, according to NBC News. The company’s attorneys have supported liquidation, though Jones’ lawyers have opposed the plan, the Associated Press reported. Free Speech Systems filed for bankruptcy in 2022 with $14.3 million in assets.

$1.48 billion. That’s how much Jones was ordered to pay the Sandy Hook families across two defamation judgments in Connecticut and Texas.

The families of 20 students and six staff members killed in a shooting at Sandy Hook Elementary School in Connecticut in 2012 were awarded damages after Jones repeatedly—and falsely—claimed the shooting was faked. Jones has said he would be unable to pay the families back and previously claimed to be worth only $2 million. The families proposed Jones settle his debt by paying a minimum of $85 million over 10 years, suggesting Jones was living an “extravagant lifestyle” by failing to preserve the value of his holdings and refusing to sell his assets. Jones offered to pay the families a minimum of $55 million, including all of the disposable income from Free Speech Systems, half of his income for five years and a quarter of his income for an additional five years. The families declined his offer and later requested Jones and Free Speech System liquidate their assets to pay back his debt.