Infowars Empire Crumbles: Court-Appointed Receiver Takes Control of Alex Jones’ Media Assets

Major Shift in Control of Infowars

In a significant development, Alex Jones has lost control of his media empire to a newly-appointed receiver who will sell it off to pay the Sandy Hook Elementary School families. The receiver now has the authority to begin seizing cash and property owned by Infowars and its parent company, Free Speech Systems.

This dramatic turn comes after Jones declared bankruptcy following defamation suits that resulted in more than a billion dollars in damages. The lawsuits were filed by families who sued Jones for spreading false conspiracy theories claiming the 2012 Sandy Hook Elementary shooting was a hoax.

Current Legal Status and Asset Control

According to the court order, the receiver now has comprehensive powers, including the ability to ‘collect all accounts receivable, change the locks to all premises, access all storage facilities, safe-deposit boxes, real property, and exercise control over any website.’ Law enforcement officials are authorized to assist the receiver in executing these duties.

Before this development, Infowars’ parent company, which employs 44 people, had nearly $4 million in cash on-hand and was making nearly $3.2 million monthly from selling dietary supplements, clothing, and other items promoted on Jones’ show.

Future Implications and Potential Outcomes

Many Sandy Hook families are advocating for the sale of Infowars to The Onion, which has proposed turning the platform into a parody site. Legal experts suggest this outcome is more likely now that the case has moved to Texas state court.

While Jones continues to appeal the $1.5 billion in judgments, lawyers for the Sandy Hook families are moving forward with their efforts to sell Infowars’ assets through a Texas state court in Austin, where they expect a receiver to manage the platform’s possessions and sell them to provide compensation to creditors.

Recent Allegations of Asset Shielding

The bankruptcy trustee has recently accused Jones of attempting to shield more than $5 million from creditors through a complex series of money and property transfers among family members, various trusts, and limited liability companies.