UPDATE: On his show Monday, Alex Jones said he is not filing bankruptcy after multiple media outlets claimed otherwise.
“I am not filing bankruptcy; Infowars is not filing bankruptcy,” Jones said on April 18. “We are filling a Chapter 11 reorganization so that the federal government can come in and look at our books to see that we do not have $16 million in a secret bank account.”
“We do not have $5 million even,” he continued. “We have about $3 million that is necessary in order to operate.”
“We are what the mainstream media truly fears, honest independent media,” said Jones. “This filing is strategic to allow me to pay my creditors and remain transparent.”
Early Monday, multiple media outlets reported that Jones was filing bankruptcy in response to defamation lawsuits surrounding claims the Infowars host made about the 2012 Sandy Hook school shooting.
According to reports of the filing, Infowars estimated it had about $50,000 or less in available assets but carried an estimated liability of $1 million to $10 million.
Jones was found liable for damages in three lawsuits involving his comments regarding Sandy Hook last year. Following the tragic events in Newtown, Connecticut, Jones claimed the entire event was fabricated by gun-control advocates and mainstream media in an effort to call for more gun control.
In March, families tied to the events at Sandy Hook rejected an offer by Jones to settle their defamation lawsuit. Jones had offered to pay each of the families in the suit $120,000 to settle the case. After their refusal, they subsequently chose to reopen the case.
The plaintiffs in the defamation suit said, “The so-called offer is a transparent and desperate attempt by Alex Jones to escape a public reckoning under oath with his deceitful, profit-driven campaign against the plaintiffs and the memory of their loved ones lost at Sandy Hook.”
Another newly filed lawsuit alleges that Jones is hiding millions of dollars in assets.
However, Norm Pattis, an attorney for Jones, said there was no effort to hide assets.
“The suggestion is ridiculous. We look forward to litigating these issues,” Pattis said.
Editor’s Note: A previous version of this article focused on the widespread claims from multiple media outlets that Jones had filed bankruptcy. Our coverage has since been updated to include comments Jones made during his April 18 broadcast wherein he disputed those claims and clarified his recent legal actions.