The Official Alex Jones Thread!

[Sherkeu]

Correct me if I'm wrong, but once Jones' current assets are liquidated and the bankruptcy discharged, isn't he basically free to set up a new operation that can't be touched by the Sandy Hook families? It seems to me that's probably why he agreed to the liquidation (well, that, and because he's probably squirreled away tons of assets).

Yes. The lawyers liquidating now when Alex Jones sells 100k in supplements per day is suspicious, in addition to his other massive income with the show, which he cannot sell, as it is HIM as a personality on air being the absurdly high % of any assets.
The guy in charge was getting 50k a month just for monitoring the settlement. (Sro or rso..something like that)

So what the heck is really going on ?

I wonder what the families were told. ?? They won't be getting as much now, but maybe just more sooner?

 

[The Great Zaganza]

Yes. The lawyers liquidating now when Alex Jones sells 100k in supplements per day is suspicious, in addition to his other massive income with the show, which he cannot sell, as it is HIM as a personality on air being the absurdly high % of any assets.
The guy in charge was getting 50k a month just for monitoring the settlement. (Sro or rso..something like that)

So what the heck is really going on ?

I wonder what the families were told. ?? They won't be getting as much now, but maybe just more sooner?

one thing is certain: whatever they were told by Jones was a lie.

 

[ponderingturtle]

I suspect that would still make him a beneficiary. As would receiving "surprise gifts" of bundles of cash in his mailbox.

I think the idea is to keep assets out of Alex's name so they can't go after them. So say he has to sell his houses, guns, cars and tank. He just has his dad buy a new car and let him use it. Same with the house.

How much this will work is an open question, the courts should be better at fighting this kind of thing than he is at doing it but I am not sure that is the case.

The idea is very clearly Infowars gets sold for scrap and he starts a new show sponsored by his dads supplement company, with the focus on keeping as little as possible in his own name.

Hopefully this will not work but the system is rigged in favor of the rich so I am not at all convinced the court will smack it down like it should.

 

[JayUtah]

Hopefully this will not work but the system is rigged in favor of the rich so I am not at all convinced the court will smack it down like it should.

I'm also a cynic. The system is indeed rigged in favor of the rich. But there's a special irony here. By design, the system is rigged in favor of the debtor. That is, the point of bankruptcy is to give the debtor a modicum of mercy at the expense of creditors, in the hopes that he can find his way back to solvency and productivity. The creditors are presumed to have properly assessed the risk and properly hedged against loss—and this is often the case.

The system doesn't seem to have properly contemplated a douchebag on the scale of Alex Jones: someone who is technically bankrupt because his turpitude has won him punitive debt in the same ballpark as the entire budget for the county I live in (which ironically also includes a ballpark), but who still benefits from resources far in excess of anything most of us could aspire to.

The only shred of hope is that the punitive damages are not dischargeable. Until he can find some douchebag judge, he is on the hook for that debt for the rest of his life.

 

[ponderingturtle]

I'm also a cynic. The system is indeed rigged in favor of the rich. But there's a special irony here. By design, the system is rigged in favor of the debtor. That is, the point of bankruptcy is to give the debtor a modicum of mercy at the expense of creditors, in the hopes that he can find his way back to solvency and productivity. The creditors are presumed to have properly assessed the risk and properly hedged against loss—and this is often the case.

The system doesn't seem to have properly contemplated a douchebag on the scale of Alex Jones: someone who is technically bankrupt because his turpitude has won him punitive debt in the same ballpark as the entire budget for the county I live in (which ironically also includes a ballpark), but who still benefits from resources far in excess of anything most of us could aspire to.

The only shred of hope is that the punitive damages are not dischargeable. Until he can find some douchebag judge, he is on the hook for that debt for the rest of his life.

THe thing is I am not sure how much they can go after things that he does not technically own, like his parents buy a house for him to live in and so forth but never put it in his name, its just their Nth house.

His dad is much smarter than him, in their respective depositions you have loads of untrue stuff from Alex but you couldn't even figure out what theoretical job his father has at Infowars that nets him a large salary.

 

[CarbShark]

THe thing is I am not sure how much they can go after things that he does not technically own, like his parents buy a house for him to live in and so forth but never put it in his name, its just their Nth house.

His dad is much smarter than him, in their respective depositions you have loads of untrue stuff from Alex but you couldn't even figure out what theoretical job his father has at Infowars that nets him a large salary.

Bankruptcy courts have been doing this a lot longer than Alex Jones. If it can be shown that he transferred assets to family members to avoid forfeiture in bankruptcy then the court has it within it's authority to seize the assets, no matter who currently owns them.

 

[ponderingturtle]

Bankruptcy courts have been doing this a lot longer than Alex Jones. If it can be shown that he transferred assets to family members to avoid forfeiture in bankruptcy then the court has it within it's authority to seize the assets, no matter who currently owns them.

But he is transferring sales of product not assets.

 

[JayUtah]

I suppose it depends on the particulars of the transfer. If Jones transferred a profitable business to his parents, that's an asset that is susceptible to seizure under bankruptcy fraud rules. If they always had the business (or part of it) and they subsidize Jones, that's income that the plaintiffs can garnish. Keep in mind that the Sand Hook judgment debt doesn't go away after this bankruptcy concludes. Since it's non-dischargeable, he is still liable for it.

 

[ponderingturtle]

I suppose it depends on the particulars of the transfer. If Jones transferred a profitable business to his parents, that's an asset that is susceptible to seizure under bankruptcy fraud rules. If they always had the business (or part of it) and they subsidize Jones, that's income that the plaintiffs can garnish. Keep in mind that the Sand Hook judgment debt doesn't go away after this bankruptcy concludes. Since it's non-dischargeable, he is still liable for it.

It isn't the transfer of a business but the market, he is directing sales now to his father's "Doctor Jones Natural Remedies" instead of the infowars storefront. Of course then there are the sub businesses like how he initially claimed bankruptcy because he supposedly owed 50 million to his dad's company that was sourcing the supplements. They have a truly absurd number of corporations that they own that don't seem to do anything.

 

[gabeygoat]

It isn't the transfer of a business but the market, he is directing sales now to his father's "Doctor Jones Natural Remedies" instead of the infowars storefront. Of course then there are the sub businesses like how he initially claimed bankruptcy because he supposedly owed 50 million to his dad's company that was sourcing the supplements. They have a truly absurd number of corporations that they own that don't seem to do anything.

Yup, and Dr Jones Remedies happen to be a lot of the same products

 

[JayUtah]

It isn't the transfer of a business but the market, he is directing sales now to his father's "Doctor Jones Natural Remedies" instead of the infowars storefront.

Got it, thanks. Does Jones receive any consideration for that?

They have a truly absurd number of corporations that they own that don't seem to do anything.

This is how you make bankruptcy more difficult for creditors and judges to figure out.

 

[ponderingturtle]

Got it, thanks. Does Jones receive any consideration for that?

Not yet, but who else is going to sponsor his next show? And it will help his parents buy a house for him to live in.

 

[JayUtah]

Not yet, but who else is going to sponsor his next show? And it will help his parents buy a house for him to live in.

Any income he receives is subject to future garnishment. That could be a personal promotional consideration for sending business to any company. That could be commissions on sales. That could be subsidies. If Jones starts another show, any income he makes from that can be garnished.

I'm not sure exactly how it works for living in someone else's house.

 

[ponderingturtle]

Any income he receives is subject to future garnishment. That could be a personal promotional consideration for sending business to any company. That could be commissions on sales. That could be subsidies. If Jones starts another show, any income he makes from that can be garnished.

I'm not sure exactly how it works for living in someone else's house.

What about having access to his father's credit card? That way you get rid of all that formal commission or promotional consideration.

The future plan to fight the lawsuit debts that can not be discharged in bankruptcy seems to avoid having him have any formal income or ownership of things. But remember the supreme court has shown you don't need to report gifts of vacations or the like so he should be free and clear.

 

[SpitfireIX]

Any income he receives is subject to future garnishment. That could be a personal promotional consideration for sending business to any company. That could be commissions on sales. That could be subsidies. If Jones starts another show, any income he makes from that can be garnished.

I'm not sure exactly how it works for living in someone else's house.

If he's doing any kind of work for his father's company, including hawking supplements, then the use of the house would most likely be considered compensation at fair market rental value. There used to be a lot of schemes where corporations would attempt to disguise executive pay (in order for the executive to avoid income tax) with things like no-interest loans and free use of cars, until the IRS cracked down on such activities and required that they be reported as compensation.

 

[Orphia Nay]

It isn't the transfer of a business but the market, he is directing sales now to his father's "Doctor Jones Natural Remedies" instead of the infowars storefront. Of course then there are the sub businesses like how he initially claimed bankruptcy because he supposedly owed 50 million to his dad's company that was sourcing the supplements. They have a truly absurd number of corporations that they own that don't seem to do anything.

Alex Jones’ father is a snake oil salesman?

That explains a lot.

 

[Norman Alexander]

It isn't the transfer of a business but the market, he is directing sales now to his father's "Doctor Jones Natural Remedies" instead of the infowars storefront. Of course then there are the sub businesses like how he initially claimed bankruptcy because he supposedly owed 50 million to his dad's company that was sourcing the supplements. They have a truly absurd number of corporations that they own that don't seem to do anything.

They are precisely for this type of situation: bailing out "safely". My understanding is the IRS and appropriate legal authorities will see right through this. They have likely seen a lot more complex arrangements than this in their time. These guys are dumbasses by comparison.

 

[The Great Zaganza]

Alex Jones’ father is a snake oil salesman?

That explains a lot.

With a side business as a dentist.

 

[JayUtah]

My understanding is the IRS and appropriate legal authorities will see right through this. They have likely seen a lot more complex arrangements than this in their time.

More importantly, there are many law firms that specialize in debt collection and have considerable expertise at locating improperly hidden assets. This is not to downplay the skill of the IRS or a bankruptcy court. But nothing steels one's resolve better than the prospect of obtaining a private commission on the recovery of a billion-dollar debt.

 

[Norman Alexander]

More importantly, there are many law firms that specialize in debt collection and have considerable expertise at locating improperly hidden assets. This is not to downplay the skill of the IRS or a bankruptcy court. But nothing steels one's resolve better than the prospect of obtaining a private commission on the recovery of a billion-dollar debt.

The Jones gang are toast.