Jones filed for Chapter 11 bankruptcy protection in bankruptcy court in Houston. His filing lists $1 billion to $10 billion in liabilities.
EDITOR’S NOTE: The video above is from a report in October on the first court ruling.
Jones has laughed at the awards on his Infowars show, saying he has less than $2 million to his name and won’t be able to pay such high amounts. The comments contradicted the testimony of a forensic economist at the Texas trial, who said Jones and his company Free Speech Systems have a combined net worth as high as $270 million. Free Speech Systems is also seeking bankruptcy protection.
In documents filed in Free Speech Systems’ bankruptcy case in Texas, a budget for the company for Oct. 29 to Nov. 25 estimated product sales would total $2.5 million, while operating expenses would be about $740,000. Jones’ salary was listed at $20,000 every two weeks.