InfoWars founder Alex Jones filed for bankruptcy on Friday after being ordered to pay nearly $1.5 billion in damages to families of Sandy Hook victims, The Washington Post reports.
Jones was ordered to pay $1.4 billion in a Connecticut case and $45 million in a separate Texas case after families of victims sued him for defamation over years of lies that the massacre was staged and the victims were crisis actors.
His company, Free Speech Systems, already filed for bankruptcy in July, and InfoWars filed for bankruptcy protection in April.
The bankruptcy filing said that Jones’ assets are worth between $1 million and $10 million.
He listed his debt as between $1 billion and $10 billion.
He said the debts were mostly business debts to 50 to 99 creditors.
He listed more than $969 million owed to the 17 people involved in the cases, marking them all as “disputed.”
He also listed $150,000 in credit card debt.
Jones shifted money out of reach:
The Post previously reported that Jones moved millions of dollars out of his company, Free Speech Systems, into companies controlled by him and his family.
Between August 2020 and November 2021, the company signed IOUs for what it said were past debts to a company owned by Jones and his parents.
He also shifted hundreds of thousands to his personal trainer and a company managed by his sister.
The company’s bankruptcy filing in July listed $14 million in assets and $79 million in debt.