Alex Jones, the founder of media platform Infowars, is now forced to sell the company and its assets.
The auctions will begin on November 13 and are a result of court orders following his lost lawsuit over allegations surrounding the Sandy Hook school shooting, which incurred Jones a debt of over $1 billion.
Bankruptcy Judge Christopher Lopez in Houston announced during a hearing on Tuesday that he plans to approve the auctions, in which Infowars and its assets will be sold piecemeal, Fortune reports The money from the sale will go to pay the damages Jones was ordered to pay relatives of the victims of the Sandy Hook massacre.
Alex Jones has claimed that the school shooting never took place but was staged and directed. After losing a lengthy court battle over the claim in 2022, he filed for personal bankruptcy, but has still managed to continue running Infowars.
Calling on supporters to bid
Jones is now urging his fans to place high bids to win at the auction, which could allow him to continue using the Infowars brand as an employee rather than as an owner.
– The website, the equipment, the shopping cart, all that, can be sold. And they know full well that there are a bunch of patriot buyers, and then the operation can ease on, Jones commented in a recent episode of Infowars
First, however, Judge Lopez must adjust a previous order to ensure that the trustee overseeing the bankruptcy case has control of all the assets of Infowars’ parent company, Free Speech Systems.
Trustee wants access to private funds
The trustee aims to expand the sale and include more of Jones’ assets, such as his personal social media accounts and intellectual property.
Alex Jones and his lawyers oppose this, which could lead to new legal battles. According to court documents, Jones’s personal assets, which could potentially also be subject to sale, are valued at around $9 million.
In December, another round of forced auctions will be held, including computers, video cameras and other equipment from Infowars.
