Per Rolling Stone, the InfoWars founder’s company Free Speech Systems LLC has filed for Chapter 11 bankruptcy following the verdicts of the defamation trials against the families of children killed in the 2012 Sandy Hook shooting. For spreading false information about the shooting, including labeling the families “crisis actors,” he has been ordered to pay over $1.48 billion in damages.
In his bankruptcy filing, Jones declared his assets are valued between $1-10 million. However, court documents from earlier this year revealed his InfoWars store brought in $165 million in revenue across a three-year period, and had a daily revenue of over $800,000 at one point. During a broadcast after the verdict announcement earlier this year, Jones said he planned to file for bankruptcy to cut down the amount of money he would need 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.”
The filing comes just after Ye sat down for a chat with Jones, during which the disgraced hip-hop mogul said that he sees “good things about Hitler.” The highly controversial interview was followed by a series of posts on Twitter which led to Ye’s suspension. Last month, Elon Musk confirmed that he would not allow Jones back on Twitter.