>> Infowars has filed for Chapter 11 bankruptcy, and it's in regard to or
in response to the fact that Alex Jones, has been found guilty of defamation.
For lying and saying that the Sandy Hook shooting was a false flag operation
meant to steal guns from Americans.
Now, Alex Jones, founder of Infowars, was found liable for
damages in a trio of lawsuits, last year filed after he falsely claimed
that the 2012 Sandy Hook school massacre was a hoax.
Sandy Hook families in late March rejected Jones's offer to settle
their defamation lawsuit, and reopened the case.
Jones had offered to pay each one of them $120,000, but
they also rejected that offer as well,
saying that it was his desperate attempt to make this all go away.
I'm glad they continue to fight, but the way that this is going down, does not bode
well, for anyone who actually wants to see justice in this case.
So, far-right website Infowars and two other companies owned by Alex Jones, have
filed for chapter 11 bankruptcy protection in light of several defamation lawsuits.
The filings were made in the US bankruptcy court for the Southern district of Texas,
he notably lives in Austin Texas, so that makes sense.
The companies that filed were Infowars,
IW Health aka Infowars, health and prison planet TV.
Now here's the part that you should be fully aware of,
because homeboys hiding money.
Infowars listed it's estimated assets in the range of 0- $50,000,
and estimated liabilities in the range of $1 million to $10 million,
oftentimes you see this happen with corporations all the time.
PG and E, which is an electric utility in California,
also had done the same thing after it's role in starting deadly wildfires
due to faulty equipment in California.
What they'll do is, they'll file for bankruptcy specifically to avoid
having to pay the amount that's determined by the judge.
So in this case we don't know what that amount is yet,
the judge hasn't determined it.
But to say that the assets for
these companies is in the range of $0 to $50,000 is a joke.
When we know, that just from slanging those ridiculous supplements on his show,
he made tens of millions of dollars in a short period of time.
>> Yeah, actually it was not tens, it was hundreds,
$165 million dollars in three years alone.
So, what happened to all that money Alex, I can guarantee you where it is,
it's in a shell company somewhere where he's hiding it.
So this looks like a good story, Alex Jones declares bankruptcy,
it is not a good story.
Sometimes what happens in bankruptcy, is they'll pause the civil
proceedings that bankrupted him, thereby delaying justice,
let him restructure and wipe away his debts and then start from scratch.
No, the answer should definitely be no, so
there's a reason why you have bankruptcy, but this ain't it?
This is an abuse of the bankruptcy laws, so look,
if you're a student and you have student debt,
you can't do this, you can't get rid of your debt like this because of Joe Biden.
>> You can never discharge your student loan debt, even if you file for
bankruptcy.
>> Corrupt Republicans and Democrats work together to make sure that you can't do
what Alex Jones is doing right now, what Donald Trump did six different times.
Okay, now so that's how they treat you, but if you have $165 million,
now the question is to these courts and he's been mocking the courts throughout.
I'm not gonna show up, I don't care about your proceedings, you're all a joke,
I don't care, I'll lie to you over and over again.
Now he says to them, ha ha I don't have any money,
are the courts actually going to find those shell corporations and
get the actual money or they're gonna be like, yeah he's rich.
So it's totally okay, let him just rob those poor people of the lawsuit money
that they actually won, and let him just hide the money.
And there's a reason why they might let him hide the money,
cuz it might be a precedent, and
they don't want to set a precedent because there's so many other corrupt rich people.
And if you expose Alex chose money,
it might expose all of their money, by the way, a lot of our top
finance people in this country are currently hiding Russian oligarch money.
And we all know that, but we don't know exactly who's hiding, whose money why?
Cuz it's all shrouded in secrecy so that rich people can continue to rob you, okay?
And so now when Alex Jones is doing it, are they gonna actually look into it, or
are they gonna be like, sure, I bet there are no shell companies,
I bet that $165 million dollars just spent itself.
>> It's ridiculous, but listen, so the question is,
will he be able to go through with this?
And I want to share one detail to the story that could be foreshadowing,
because he did make a joke of the courts.
He refused to show up for depositions until a judge stepped in and
basically decided to find him daily, until he does show up for the depositions.
Eventually, he did show up but get a load of this, Judge Barbara Bellis in
Waterbury Connecticut, ordered the return of the money $75,000 by the way.
Because Jones eventually did show up at a rescheduled deposition.
The fines which escalated daily,
were aimed at making sure that he did appear for the questioning?
>> Yeah, no, don't take away the fines, you help him make a mockery of the courts,
God, they're so lenient towards wealthy people.
And God help you if you're a middle class and
you wind up in the American court system, they will crush you, right?
But if you're wealthy yeah, yeah, don't shift, flouted, etc, fine,
we're just kidding.
No fine, no, keep doing whatever bad faith actions that you're already doing,
by the way throughout these proceeding.
Alex Jones in case you didn't know if you're an Alex Jones fan, and
you're one of those idiots who bought like the brain supplement.
Well, first of all, to be fair, your brain definitely needs a supplement,
if you're an Alex Jones fan.
Yeah, but yes, it's called a book, not this snake oil that he's selling you,
but okay, you're one of those guys.
Well, did you know that in the court proceedings,
he admitted that Sandy Hook is real?
Well, he told you it was fake, he got you all riled up,
he told you it was crisis actors now that when his assets on the line,
he's like, yeah, of course I was lying of course it's real.
I know, I just lied to my audience cuz they're idiots, they're dupes.
How do you think I made hundreds of millions of dollars by
targeting the dumbest people in the country.
That's what he thinks of you, that's not my opinion, that's Alex Jone's opinion.
If you don't believe him, go ask him, hey, Sandy Hook real or not real and
all of a sudden he's gonna say it's real, it's real, you know why?
Because he wants to hide his money, he wants to keep his money, that's why, and
he thinks you're all dupes and on that, he's probably right.