Federal Authorities to Decide Fate of Infowars in Two Weeks
- A judge grants Alex Jones' Infowars two-week grace period.
- Federal authorities may liquidate Infowars assets by the end of the period.
- Infowars' future remains uncertain pending the final decision.
Jones and his company, Free Speech Systems, had money problems after losing lawsuits and owing $1.5 billion to Sandy Hook victims' families. Jones thought his shows would be shut down, but that didn't happen. The trouble started because of arguments between Jones, a person in charge of fixing his company's money issues, and a company that sells products on his shows. The other company wanted Jones' shows to stop immediately, but the court said they could continue until June 14. Jones and the families of the Sandy Hook victims couldn't agree on how to solve the money problems. If Jones can't pay, he might have to sell most of his things to give money to the families. Some families sued Jones for causing them pain, and they won. Jones has about $9 million in assets, including his home and other things. His company, Infowars, has almost $4 million in cash and employs 44 people. Jones was worried that his shows would be closed by the government, but that didn't happen. He said he was tired and had been sleeping on the couch for two days. Jones found out that guards were going to change the locks on his studio, but it was only until a court hearing on June 14. Federal authorities were not going to shut down his studios on Friday night.