Share this @internewscast.com

Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle that debt for only pennies on the dollar — at least $85 million over 10 years.

The offer was made in Jones’ personal bankruptcy case in Houston last week. In a legal filing, lawyers for the families said they believed the proposal was a viable way to help resolve the bankruptcy reorganization cases of both Jones and his company, Free Speech Systems.

But in the sharply worded document, the attorneys continued to accuse the Infowars host of failing to curb his personal spending and “extravagant lifestyle,” failing to preserve the value of his holdings, refusing to sell assets and failing to produce certain financial documents.

“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. His time is up,” lawyers for the Sandy Hook families wrote.

The families’ lawyers offered Jones two options: either liquidate his estate and give the proceeds to creditors, or pay them at least $8.5 million a year for 10 years — plus 50% of any income over $9 million per year.

During a court hearing in Houston, Jones’ personal bankruptcy lawyer, Vickie Driver, suggested Monday that the $85 million, 10-year settlement offer was too high and unrealistic for Jones to pay.

“There are no financials that will ever show that Mr. Jones ever made that … in 10 years,” she said.

In a new bankruptcy plan filed on Nov. 18, Free Speech Systems said it could afford to pay creditors about $4 million a year, down from an estimate earlier this year of $7 million to $10 million annually. The company said it expected to make about $19.2 million next year from selling the dietary supplements, clothing and other merchandise Jones promotes on his shows, while operating expenses including salaries would total about $14.3 million.

Personally, Jones listed about $13 million in total assets in his most recent financial statements filed with the bankruptcy court, including about $856,000 in various bank accounts.

Under the bankruptcy case orders, Jones had been receiving a salary of $20,000 every two weeks, or $520,000 a year. But this month, a court-appointed restructuring officer upped Jones’ pay to about $57,700 biweekly, or $1.5 million a year, saying he has been “grossly” underpaid for how vital he is to the media company.

Bankruptcy Judge Christopher Lopez on Monday rejected the $1.5 million salary, saying the pay raise didn’t appear to have been made properly under bankruptcy laws and a hearing needed to be held.

If Jones doesn’t accept the families’ offer, Lopez would determine how much he would pay the families and other creditors.

After 20 children and six educators were killed by a gunman at Sandy Hook Elementary School in Newtown, Connecticut, in 2012, Jones repeatedly said on his show that the shooting never happened and was staged in an effort to tighten gun laws.

Relatives, of many but not all, of the Sandy Hook victims sued Jones in Connecticut and Texas, winning nearly $1.5 billion in judgments against him. In October, Lopez ruled that Jones could not use bankruptcy protection to avoid paying more than $1.1 billon of that debt.

Relatives of the school shooting victims testified at the trials about being harassed and threatened by Jones’ believers, who sent threats and even confronted the grieving families in person, accusing them of being “crisis actors” whose children never existed.

Jones is appealing the judgments, saying he didn’t get fair trials and his speech was protected by the First Amendment.

Share this @internewscast.com
You May Also Like
Man with unique hairstyle wearing a sweatshirt with three kittens printed on it.

Man Exposes Shocking Plan to Marry Off 9-Year-Old Girl in Fake Disneyland Ceremony to British Predator

A man assigned to impersonate a “bride’s father” has shared how he…
Nicola Peltz reacts to claims she's 'controlling' husband Brooklyn Beckham amid family rift

Nicola Peltz addresses rumors of ‘controlling’ her husband Brooklyn Beckham during family tension.

Nicola Peltz had a subtle reaction to claims that she is “controlling”…
Immigration news: Judge blocks order barring asylum access at border, gives President Trump's administration 2 weeks to appeal

Judge Halts Order Restricting Asylum Access, Allows Two-Week Appeal Window for Trump Administration

WASHINGTON — On Wednesday, a federal judge ruled that President Donald Trump’s…
Forsyth and Adams streets now open to 2-way traffic in Downtown Jacksonville

Two-Way Traffic Resumes on Forsyth and Adams Streets in Downtown Jacksonville

The orange barrels that lined Forsyth and Adams streets have been removed.…
Rep. Angie Nixon on new ICE facility at Camp Blanding

Congresswoman Angie Nixon Discusses New ICE Facility at Camp Blanding

Gov. Ron DeSantis announces that construction of a new ICE detention facility…
Northeast Florida law enforcement's three-day sting nets 33 arrests

Three-day sting operation in Northeast Florida leads to 33 arrests

The St. Johns County Sheriff’s Office has named their recent operation ‘Operation…
Kennedy Expressway construction: Chicago traffic expected to be impacted by new I-90/94 lane, ramp closures July 7 and 8: IDOT

Kennedy Expressway Roadwork: Chicago Traffic Faces Disruptions from I-90/94 Lane and Ramp Closures on July 7 and 8, Says IDOT

CHICAGO (WLS) — There will be new shifting traffic patterns on the…
People who go to bed at this time get the most exercise

Individuals who sleep at this hour are more active

The early bird gets the workout. It’s bad enough that night owls…
FBI takes down Anti-Tren gang members in largest bust yet in violent migrant turf war

FBI Conducts Major Crackdown on Anti-Tren Gang in Migrant Turf Conflict

Federal officials have apprehended 16 individuals affiliated with the Anti-Tren gang in…
BIO Plots $2M Campaign to Remove RFK

BIO Launches $2 Million Effort to Dismiss RFK

A leaked memo surfaced outlining a plot to remove US Secretary of…
Mugshot of Travis Caleb Decker, wanted for murder.

DNA Discovery on Handprints Intensifies Travis Decker Murder Investigation Amid Exhaustive Five-Week Search

POLICE have new evidence that links a father to the murder scene…
Woman holding a photo of a younger woman with a bird.

Virginia Giuffre’s Emotional Diary Sheds Light on Epstein Victim’s Troubling Last Months

VIRGINIA Giuffre’s diary leading up to her tragic suicide has shown just…