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Sandy Hook Families Are Fighting Alex Jones and the Bankruptcy System Itself

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March 19, 2023
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Sandy Hook Families Are Fighting Alex Jones and the Bankruptcy System Itself
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It stays unclear how a lot Mr. Jones is definitely price. Current courtroom paperwork point out that he’s persevering with to switch actual property to his household, together with an grownup son.

In late January, below stress from the chapter courtroom, Mr. Jones submitted a private stability sheet detailing solely about $5.6 million in whole belongings, together with $368,899 in financial institution accounts, $682,899 in one thing referred to as “stock platinum,” and a $2.2 million homestead.

Within the February assertion of Mr. Jones’s monetary affairs, the one prefaced with disclaimers about its accuracy, his property was valued at a complete of $10 million, together with a house, lake home and rural acreage price $5.4 million. The assertion stated Mr. Jones owned two vehicles and two boats valued at $274,000, however listed as “unknown” the worth of his premarital settlement, eight restricted legal responsibility firms and several other trusts. His said month-to-month earnings was $129,000, however $104,000 of that was from sources that weren’t disclosed.

“The monetary reporting and data are incomplete and the accuracy is unsure,” Ms. Haselden, the Justice Division monitor, stated in a courtroom submitting.

This previous week, Ms. Haselden filed a subpoena for paperwork exhibiting Mr. Jones’s cryptocurrency transactions and different monetary dealings. The Southern Poverty Regulation Middle has tracked millions of dollars in cryptocurrency donations final 12 months to accounts tied to Mr. Jones.

Final month, the households retained an asset tracing agency to attempt to unearth extra of Mr. Jones’s cash, a course of anticipated to take months.

Up to now, the one cash Mr. Jones has paid within the Sandy Hook matter has been to his attorneys and the courts, as he has run up hundreds of thousands of {dollars} in authorized charges and sanctions for abusing the judicial course of. One other trial for damages — probably on high of the greater than $1.4 billion Mr. Jones owes — is slated for this 12 months.

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Tags: AlexBankruptcyfamiliesfightinghookJonesSandysystem
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