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Alex Jones has filed for bankruptcy.
According to Rolling Stone, the defamation lawsuit verdicts against the relatives of the Sandy Hook shooting victims from 2012 forced the InfoWars founder’s company, Free Speech Systems LLC, to file for Chapter 11 bankruptcy. He was forced to pay over $1.48 billion in damages for spreading misleading information about the shooting, including calling the families “crisis actors.”
Jones stated in his bankruptcy case that the worth of his assets ranged from $1 to $10 million. But according to court records from earlier this year, over the course of three years, his InfoWars store generated $165 million in sales and, at one point, had daily sales exceeding $800,000. Jones stated in a broadcast that followed the announcement of the verdict earlier this year that he intended to file for bankruptcy to reduce the amount of money he would have to pay.
“Like every other cowardly move Alex Jones has made, this bankruptcy will not work,” said Chris Mattei, one of the attorneys representing families of Sandy Hook victims. “The bankruptcy system does not protect anyone who engages in intentional and egregious attacks on others, as Mr. Jones did. The American judicial system will hold Alex Jones accountable, and we will never stop working to enforce the jury’s verdict.”