US court allows sale of conspiracy theorist's assets but spares business
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A US court has approved the liquidation of conspiracy theorist Alex Jones' personal assets, allowing for the repayment of a fraction of the nearly $1.5 billion in damages he owes to families of victims of a school shooting. However, the court spared Jones' parent company, InfoWars, from liquidation, allowing it to remain in business. Jones had previously declared personal bankruptcy in Texas, stating that his liabilities exceeded his private assets. The ruling means that Jones' personal assets, including a Texas ranch worth $2.8 million, will be sold to pay the debts. InfoWars hailed the court's decision as an 'amazing victory' that allows the website to continue operating. Jones has been widely branded as a misinformation profiteer, amassing a fortune by merging conspiracy theories with merchandise and dietary supplements from his InfoWars store. The families of the shooting victims have reported harassment and threats from Jones' fans for years.
#ConspiracyTheorist #AlexJones #Assets #Business #Infowars #Liquidation #Bankruptcy #Damages #SchoolShooting #Misinformation #Harassment
https://www.legit.ng/business-economy/technology/1597514-us-court-sale-conspiracy-theorists-assets-spares-business/
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