Alex Jones Blows Through Millions Despite Being Ordered to Pay Nearly $1.5 Billion to the Families of Sandy Hook Victims
Conspiracy theorist Alex Jones, known for spreading false information about the Sandy Hook shooting, is reportedly facing financial troubles after filing for bankruptcy in the wake of being ordered to pay nearly $1.5 billion to the families of the victims of the tragedy, RadarOnline.com has learned.
Despite this, Jones has allegedly been indulging in lavish spending, depleting his funds in just a few short months.
Alex Jones still owes $1.5 billion to the families of the victims of Sandy Hook.
The legal battle began when Jones was ordered by a judge to pay $965 million in compensatory damages to the victims of the 2012 shooting, whom he had falsely accused of being crisis actors.
Additionally, he was hit with an additional $473 million in punitive damages. However, his bankruptcy filing has made it difficult for the victims to collect the funds owed to them.
Alex Jones transferred millions in assets to family and friends.
According to a UK Daily Mail report, Jones has been splurging on extravagant assets, including four cars valued at $219,690 and two boats worth $114,300.
In addition, he still lists his $2.6 million Austin, Texas, home as an asset despite transferring the deed to his wife in February. He also owns a $1.7 million lake house property located 20 miles away, a $2.1 million ranch property, and a $505k rental property, according to documents submitted to Houston’s bankruptcy court.
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- Alex Jones Files For Bankruptcy, Claims To Be Worth Less Than $10M & 'Cannot Afford' To Give Sandy Hook Families $1B In Damages
- Conspiracy Theorist Alex Jones Still Pulling In $268k Per Month After Being Ordered To Pay Sandy Hook Families $1.5 Billion In Damages
- Alex Jones Reveals He Has Less Than $12 Million In Assets, Says It’s ‘Impossible’ For Him To Pay Sandy Hook Victims’ Parents $1 Billion Judgment
Jones said he had total assets of $5.5 million but that doesn’t account for his businesses.
It is reported that Jones has also spent $2,816 on Apple, Netflix, and Hulu subscriptions. As of July 31, he had nearly $800k in his bank account, but since filing for bankruptcy, he has spent a staggering total of $2,207,384, which includes legal and professional fees.
It is worth noting that Jones reportedly earned over $1 million in salary from InfoWars and other sources. When he filed for bankruptcy in December, his assets were estimated to be worth between $1 million and $10 million, while his liabilities were listed as anywhere between $1 billion and $10 billion.
The families affected by the Sandy Hook shooting have expressed their concern over Jones' lavish spending.
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In an August 29 filing, their attorneys demanded that he reduce his personal expenses to "a reasonable level." If he fails to comply, they plan to ask the judge to bar him from further wasting estate assets, appoint a trustee to oversee his spending, or even dismiss the bankruptcy case altogether.
Despite his financial troubles, Jones continues to solicit money from his radio audience to cover his legal fees. However, he has shown no signs of curbing his extravagant lifestyle. He told his audience, "If anything, I like to go to nice restaurants. That is my deal."
He attempted to justify his spending habits by stating, "I like to go on a couple of nice vacations a year, but I think I pretty much have earned that in this fight."