Alex Jones’ desperate last-ditch attempt to save Infowars from bankruptcy auction to repay $1.4 billion to Sandy Hook families

Conspiracy theorist Alex Jones has made a desperate last-ditch effort to save his Infowars platform from a bankruptcy auction.

First United American Companies, which operates a website selling nutritional supplements on Jones’ behalf, has submitted a bid of more than $7 million to buy the website, an attorney who oversaw Jones’ bankruptcy told a judge Monday during a hearing. brief hearing in Houston.

This amount is more than double what the company proposed at a closed-bid auction in November, when it lost to satirical news channel The Onion, which offered $1.75 million in addition to an agreement with the families of the massacre victims in Sandy Hook in 2012.

Global Tetrahedron, the parent company of The Onion, said the deal would reduce the total amount of debt Jones owed to the families – after he was ordered to pay nearly $1.5 billion in defamation lawsuits from Connecticut and Texas, brought by family members of Sandy disaster victims. Hook elementary school shooting.

It also planned to kick out Jones and relaunch Infowars as a parody in January, while First United American Companies was expected to keep Jones at Infowars.

Christopher Murray, the trustee responsible for the sale of Jones’ assets, valued Global Tetrahedron’s offer at $7 million, according to the Houston Chronicle.

But U.S. Bankruptcy Judge Christopher Lopez later halted the sale to The Onion, saying the bidding process was flawed, not transparent and did not raise enough money for creditors. He also said there was too much confusion about The Onion’s offer and its true value.

The explosive site is being sold as part of Jones’ bankruptcy proceedings

Now Joshua Wolfshohl, an attorney representing Murray, said he expects to receive another bid from Global Tetrahedron to further compete with First United American Companies.

He said Murray will then review both offers.

“I don’t know exactly what it’s going to look like,” the lawyer said of Murray’s final decision.

“But I think we would go back to the court and say, ‘Judge, this is what we have. Let’s talk about a sales process, a process that your honor is comfortable with, possibly with an auction.’ ‘

He also noted that some roadblocks that hindered sales of the explosive conspiracy website have been removed.

Court records obtained by the Chronicle show that Murray settled with PQPR Holdings, a subsidiary company owned by Jones and his parents, to pay them $375,000 in exchange for lifting liens against Infowars and its parent company, Free Speech Systems.

A second proposed settlement was reached Friday between the Sandy Hook families of Texas and those of Connecticut, who won their case proving that Jones defamed their families in the 2012 shooting that killed 20 children and six educators. a hoax, staged by actors and aimed at increasing gun control.

Jones was ordered to pay the families of the Sandy Hook victims nearly $1.5 billion in defamation lawsuits

The victims’ families in Texas and Connecticut have reached an agreement to divide his assets

The conspiracy theorist was forced into bankruptcy following the late 2022 rulings, and most of the proceeds from the sale of Infowars – as well as from many of Jones’ personal assets being sold – will go to the families.

The remaining proceeds will go to Jones’ other creditors.

But the victims’ families in Texas and Connecticut are at odds over how to divide Jones’ assets, with the Texas-based families trying to get more money from Jones while the Connecticut-based families prioritized closure from Infowars. according to Reuters.

Part of the problem stemmed from the fact that the families in Connecticut won a judgment of more than $1.4 billion against Jones, while those in Texas received about $50 million.

Under the new agreement, the families in the Texas lawsuit would receive at least $4 million, of which $1 million would be paid within seven days of court approval, and the Connecticut families would receive at least $12 million.

After that, Texas families will receive 25 percent of all future payments, and Connecticut families will receive the remaining 75 percent.

The Texas families also agreed to limit their participation in the remainder of Jones’ bankruptcy case and express their support for the families remaining in Connecticut.

“I am pleased to report that we have spent most of the holidays resolving these issues, and that we have reached a compromise between the trustee and the Texas and Connecticut families, primarily regarding the allocation of the estate funds Wolfshohl told Judge Lopez on Monday. according to CT Insider.

‘We heard Your Honor say that we need to get this matter back on track. We managed to get this across the finish line.’

Avi Moshenberg, an attorney representing the Texas families, added that both parties are “100 percent aligned” with the agreement, and Kyle Kimpler, an attorney for the Connecticut families, said, “This settlement with the families from Texas is a milestone and puts the families back on the same side.”

The two sides are now due back in court on January 23, when Lopez will consider ratifying the deal.

Representatives for The Onion and First American United did not immediately return phone and email messages seeking comment.