Alex Jones Faces Major Setback as Court Orders Infowars Assets Turned Over to Receiver
A Turning Point in the Sandy Hook Legal Battle
In a significant legal development, a Texas state judge has ordered Infowars’ assets to be turned over to a state receiver, with proceeds designated for the families of children killed in the 2012 Sandy Hook Elementary School shooting.
This latest ruling represents a major defeat for conspiracy theorist Alex Jones, who has lost control of his media empire following defamation lawsuits that resulted in a $1.3 billion judgment against him.
The Impact and Implementation
The court order could force Jones to cease broadcasting his Infowars show and surrender company property, including everything from basic office equipment to the Infowars brand name. The receiver now has broad powers to collect accounts, change locks, access storage facilities, and control websites.
Previous attempts to shut down operations have proven challenging, as demonstrated last November when Jones continued broadcasting from a nearby studio after a temporary 24-hour shutdown.
Financial Implications and Asset Recovery
Recent financial statements show Jones personally holds about $9 million in assets, including his $2.6 million Austin-area home. His company, Free Speech Systems, which employs 44 people, had nearly $4 million in cash on-hand and generated approximately $3.2 million in monthly revenue from selling dietary supplements, clothing, and other merchandise promoted on his show.
The Road Ahead
The Sandy Hook families are advocating for the sale of Infowars to The Onion, a satirical publication, with legal experts suggesting this outcome is more likely now that the case has moved to Texas state court. Despite these setbacks, Jones remains defiant, calling the court order improper and vowing to continue broadcasting from an alternative studio, insisting that ‘People want to hear this show.’
Lawyers for the Sandy Hook families have announced plans to pursue the sale of Infowars’ assets through a Texas state court in Austin, where they expect a receiver to be appointed to manage the liquidation process, though a court schedule has not yet been set.
