Alex Jones Wants to Keep His $1.3M Annual Salary from Bankrupt Company After Ordered to Pay $1.5B in Damages

Per Reuters

Alex Jones of Infowars, described as a conspiracy theorist, requests that he retain his $1.3 million annual salary from his website's bankrupt company. Jones' previous comments on the 2012 Sandy Hook mass shooting landed him a hefty fine of $1.5 billion in damages.

Jones previously stated that the 2012 Sandy Hook mass shooting was a hoax that landed him in hot water with the victims' families. The radio host was faced with back-to-back defamation trials in Connecticut and Texas.

The radio host called the massacre of 20 students and six staff members a plot by the government to seize American's guns.

During his trial, the radio host was live streaming and even laughing while telling viewers that he didn't plan to pay. Brandy Zadrozny, an NBC News reporter, shared a clip of his reaction.

Jones: "$57 million, $20 million, $50 million,$80 million, a $100 million blah blah..."

The final verdict was that Jones was ordered to pay $1.5 billion in damages for claiming that the massacre was fake, and to this, the radio host said that he could not pay those fines.

Before the bankruptcy, Jones earned $1.3 million from Free Speech Systems before it officially went bankrupt, but since filing for bankruptcy, he has only received a biweekly salary of $20,000.

Even the Free Speech System, the now-bankrupt company, had its monthly revenue drop from $6-$7 million to just $1.9 million, with attorneys saying that its cash is only at $1.8 million left. Vickie Driver, the attorney for Jones, gave a statement.

Driver: "We've really got to get back to that level of production to make this a profitable company and try to pay back our creditors,"

While Jones asked that his salary go back to pre-bankrupt levels, this was directly opposed by the Sandy Hook families' attorney Marty Brimmage. US Bankruptcy Judge Christopher Lopez, to whom the request was made to, said he was open to increasing the pay of the radio host but did not have enough evidence for a ruling.

Resources:

Reuters

@BrandyZadrozny

See flow at unusualwhales.com/flow.

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.