Sandy Hook families battle Alex Jones and the bankruptcy system itself
It’s still unclear how much Mr. Jones is actually worth. Recent court documents indicate that he continues to transfer real estate to his family, including an adult son.
In late January, under pressure from the bankruptcy court, Mr. Jones submitted a personal balance sheet detailing only about $5.6 million in total assets, including $368,899 in bank accounts, $682,899 in something called “inventory platinum” and a $2.2 million farm.
In Mr Jones’ February statement of financial affairs, the one preceded by warnings about its accuracy, his property was valued at a total of $10 million, including a house, a lake house and an area rural valued at $5.4 million. The statement said Mr Jones owned two cars and two boats worth $274,000, but listed as “unknown” the value of his prenup agreement, eight limited liability companies and several trusts. His reported monthly income was $129,000, of which $104,000 came from undisclosed sources.
“Financial reports and records are incomplete and their accuracy is uncertain,” Justice Department overseer Ms. Haselden said in a court filing.
Last week, Ms. Haselden filed a subpoena for documents showing Mr. Jones’ cryptocurrency transactions and other financial dealings. The Southern Poverty Law Center tracked millions of dollars in cryptocurrency donations to accounts linked to Mr Jones last year.
Last month the families engaged the services of an asset tracing firm to try to uncover more money from Mr Jones, a process that is expected to take months.
So far, the only money Mr Jones has paid out in the Sandy Hook case has been to his lawyers and the courts as he racked up millions of dollars in legal fees and penalties for abusing the court process. Another lawsuit for damages – potentially on top of the more than $1.4 billion Mr Jones owes – is scheduled for this year.