Key takeaways:
- Accusations of failing to curb personal spending and “extravagant lifestyle”
- Proposed settlement would require Jones to pay at least $85 million over 10 years
- Filing comes after Jones filed for bankruptcy in 2020 to protect his assets from the families of the Sandy Hook victims
Alex Jones, the controversial Infowars host, is facing accusations of failing to curb his personal spending and “extravagant lifestyle” in a legal filing from lawyers representing the families of the Sandy Hook victims. The filing also accuses Jones of failing to preserve the value of his holdings, refusing to sell assets and failing to produce certain financial documents.
The lawyers believe that a proposed settlement could help resolve the bankruptcy reorganization cases of both Jones and his company, Free Speech Systems. The settlement would require Jones to pay at least $85 million over 10 years.
The filing states that Jones has “failed in every way to serve as the fiduciary mandated by the Bankruptcy Code in exchange for the breathing spell he has enjoyed for almost a year.” The lawyers further state that “his time is up” and that Jones should be held accountable for his actions.
The filing comes after Jones filed for bankruptcy in 2020 in an attempt to protect his assets from the families of the Sandy Hook victims. The families are suing Jones for defamation after he claimed that the 2012 shooting at Sandy Hook Elementary School was a hoax.
The case is ongoing and it remains to be seen if Jones will accept the proposed settlement. In the meantime, Jones has yet to respond to the accusations made in the legal filing.
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