Alex Jones to receive $520,000 salary under bankruptcy plan

Alex Jones’ media company proposed plans to pay in bankruptcy lawsuit conspiracy theorist While paying $520,000 a year, it leaves $7 million to $10 million a year to repay creditors, including relatives of the Sandy Hook shooting victims.

The Sandy Hook Family Wins About $1.5 billion litigation Last year, it took out Infowars organizers for calling the 2012 shooting that killed 20 children and 6 educators in Newtown, Connecticut, a hoax by a crisis actor. The family also said they were harassed and threatened by Jones supporters.

However, it remains unclear how much money the Sandy Hook clan will actually get from Free Speech System, the parent company of Jones and Infowars. ‘s name says it’s under $2 million.

The free speech system, solely owned by Jones, filed a proposed restructuring plan on Tuesday Chapter 11 Bankruptcy Cases Houston projects $7 million to $10 million annually from 2023 to 2027, after paying creditors.

Bankruptcy attorneys for Jones did not respond to email messages on Tuesday.Texas and Connecticut attorneys for the Sandy Hook family declined to comment.

New filings show the company expects to sell more than $30 million a year in dietary supplements, which Jones pitches on his show and is the company’s main source of income.

Meanwhile, Jones and the expected new chief operating officer will each be paid $520,000 a year. The company also plans to provide executive incentives of $560,000 to nearly $1.3 million annually and employee bonuses of $352,000 to $677,000 annually.

With more than 40 employees, Free Speech Systems will pay their employees between $780,000 and $940,000 annually. Contract workers will be paid an additional $839,000 to $1 million annually.

Jones, who lives and works in Austin, Texas, personal bankruptcy.

“I have no money, officially and personally,” Jones told Infowars in December. “We’re going to turn it all in. It’s all going public. And you know Alex Jones has very little cash.”

This contradicts testimony at last year’s trial by a forensic economist who said Jones and his firm had a combined net worth of $270 million.

The Sandy Hook family is fighting part of the Free Speech System bankruptcy. This includes his more than $50 million in debt, which the company claims he owns to another creditor, PQPR Holdings Limited LLC. Free Speech Systems purchases nutritional supplements from his PQPR and sells them on the Infowars website.

According to Free Speech Systems filings, Jones owns shares in PQPR, which is controlled by his father, David Jones.

At a hearing related to Jones’ personal bankruptcy case on Wednesday, attorneys for both Jones and his creditors said they had difficulty obtaining accurate financial information from Jones and delayed filing required court documents. I expressed my dissatisfaction with being there.