AUSTIN, Texas – Free Speech Systems, the main company owned by Austin-based conspiracy theorist Alex Jones, has filed for bankruptcy – but a Jones lawyer said the action is not expected to affect a trial underway in Austin in a lawsuit by the parents of a child killed in the 2012 attack on Sandy Hook Elementary School.
Free Speech Systems, which operates Jones’ InfoWars media system, listed $14.3 million in assets, including almost $1.16 million in cash and almost $1.6 million in property and equipment, as of May 31.
But the Austin corporation’s bankruptcy filing also listed $79 million in liabilities, including a $54 million debt owed to PQPR Holdings.
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A separate lawsuit filed by two Sandy Hook families earlier this year in state court accused Jones of systematically hiding millions of dollars in assets and called the $54 million debt dubious, saying PQPR is a Nevada-registered company that is owned “directly or indirectly by Jones, his parents and his children through an alphabet soup of shell entities.” That lawsuit is still in the early stages.
