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Alex Jones Got Infowars Ad Revenue After Salary Cut in Bankruptcy

Submitted by jhartgen@abi.org on

Alex Jones started getting a share of Infowars advertising revenue weeks after the conspiracy website filed for chapter 11 and his salary was slashed, a now-ended arrangement only recently disclosed to the bankruptcy judge, WSJ Pro Bankruptcy reported. Judge Christopher Lopez of the U.S. Bankruptcy Court in Houston, who is overseeing both Infowars’s chapter 11 and Mr. Jones’s personal bankruptcy, said Monday that he was “troubled” by the revenue sharing arrangement. Bankruptcy rules forbid company owners or other outside parties from taking funds out of a business without court approval or notice to creditors. Mr. Jones’s lawyer, Vickie Driver, said her client now knows the arrangement wasn’t permitted and is returning funds he received. Infowars restructuring chief Patrick Magill, appointed after the company filed for bankruptcy protection last year, recently discovered some advertising revenue was split between Mr. Jones and another unnamed company employee. The two recipients have since agreed to return the $243,742 they received to bankrupt parent company Free Speech Systems LLC, according to court documents.