this post was submitted on 28 Sep 2023
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A bank recently shut down the accounts of conspiracy theorist Alex Jones’ media company, citing unauthorized transactions — a move that caused panic at the business when its balances suddenly dropped from more than $2 million to zero, according to a lawyer for the company.

The action last week by Axos Bank also exposed worry and doubt at the company, Free Speech Systems, about being able to find another bank to handle its money.

Jones, a conservative provocateur whose Infowars program promotes fake theories about global conspiracies, UFOs and mind control, is seeking bankruptcy protection as he and his company owe $1.5 billion to relatives of victims of the 2012 Sandy Hook Elementary School shooting in Connecticut.

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[–] Fredselfish@lemmy.world 111 points 11 months ago (2 children)

This fucker should have zero dollars he owes a billion dollars to the Sandy Hook victims. He should be settling in jail fucking scumbag.

[–] Jessvj93@lemmy.world 51 points 11 months ago* (last edited 11 months ago) (1 children)

They haven't even seen a dime yet and this motherfucker has been spending it. 2 million for them finally, what a joke that it took this.

[–] WarmSoda@lemm.ee 51 points 11 months ago (1 children)

He ownes not only multiple mansions, but also has maid and cleaning crews for each one of them.

It's a disaster. He should be crashing on his brother's couch stressing about getting a paycheck. There's no justice here.

[–] Fredselfish@lemmy.world 21 points 11 months ago (1 children)

Really can't they put a judgment on his assets and seize them? Also is Really still making money? Fucker is the worst human being ever.

[–] FlyingSquid@lemmy.world 16 points 11 months ago (1 children)
[–] Wogi@lemmy.world 6 points 11 months ago (3 children)

How is it the sexiest man alive plays the trombone? The unsexiest of instruments?

[–] mosiacmango@lemm.ee 7 points 11 months ago

Riker needs some way to fend the ladies off.

[–] Zerlyna@lemmy.world 6 points 11 months ago (2 children)

As a bassoon player, I thank you.

[–] Wogi@lemmy.world 6 points 11 months ago

Not so fast woodwind. Get in line

[–] FlyingSquid@lemmy.world 4 points 11 months ago

As a bass clarinet player, I also thank you.

[–] Zombiepirate@lemmy.world 3 points 11 months ago (1 children)

You've clearly never dated a tromboner.

[–] Wogi@lemmy.world 2 points 11 months ago

Has anyone? Ever?

[–] tover153@lemmynsfw.com 8 points 11 months ago (2 children)

Who is still buying $2.5 million dollars worth of Alex Jones Crap a month?

[–] WarmSoda@lemm.ee 20 points 11 months ago (1 children)

Scumbags and the mentally ill

[–] AbidanYre@lemmy.world 9 points 11 months ago (2 children)
[–] WarmSoda@lemm.ee 0 points 11 months ago

Man, they just get more and more relative as time goes on.

[–] shroomaroomboom@kbin.social -5 points 11 months ago (1 children)
[–] AbidanYre@lemmy.world 11 points 11 months ago* (last edited 11 months ago)

sad Talking Heads noises

[–] DoctorWhookah@sh.itjust.works 10 points 11 months ago (1 children)

There’s a lot of ignorant people with money in this country.

[–] Maeve@kbin.social -1 points 11 months ago

It’s stunning. More ignorant and dishonest people walk on crimes, too, than smart, honest, but hapless/scapegoats.

[–] vrek@programming.dev 7 points 11 months ago (4 children)

Yes he is an asshole. Yes he deserves to lose all his money. Yes he should/has to pay the victims of sand hook.

My question is what happens to the money in the account? Can the bank just say we are not willing to do business with you anymore and keep it?

If this was me or you, can a bank just deny you access to the money in your account?

I would think... And I am no expert... They could say "we don't want your business anymore, take the money out of your accounts within 30 days or it's forfiet" or something. But to think the bank can just close the account and keep the money seems really bad in my eyes.

[–] static@kbin.social 4 points 11 months ago

They're not keeping the money:
"He said the bank informed Jones’ company that it would be sending a cashier’s check for the total balance."

[–] evatronic@lemm.ee 2 points 11 months ago

In this case, the bank is just saying, "You're no longer our customer," and sending him a cashier's check for the balance / value of his accounts.

In other cases, where the authorities have seized the accounts, the assets are frozen. The bank will turn it over to the authorities (federal, state, whatever) where the monies will generally be kept in an interest-bearing account that keeps track with inflation or similar but otherwise remain inaccessible to the original owner until the legal matters are resolved.

The only time, setting aside simple banking errors, the Bank would keep it is if the Bank is owed money anyway. LIke say, Jones had a huge set of outstanding loans he'd refused to pay. The Bank would simply take funds from the deposit acocunts and use them to pay down the loan(s).

[–] Sacreblew@lemmy.ca 1 points 11 months ago

As long as the money isn't part of an investigation, the company will be able to access it within the month.

[–] Maeve@kbin.social -1 points 11 months ago
[–] aidan@lemmy.world 6 points 11 months ago (1 children)

Still insane that one of the largest civil suits in history is over Alex Jones, and not the many times people have died because of gross negligence, or many other terrible things. Alex Jones is not a good guy, but, 1.5 billion???

[–] notabird@lemmy.world 20 points 11 months ago (1 children)

He has paid 0 cents. He spent 93000$ in July for Personal expenses. His net worth is over 14M.

The Billions is just for show. This guy has faced 0 consequences.

[–] aidan@lemmy.world 1 points 11 months ago

Yeah I'm not surprised, my point is just that is a ridiculous amount to be awarded.

[–] Omega_Haxors@lemmy.ml 0 points 11 months ago

The fact he hasn't paid out a dime or seen a single millisecond of jail time should show you whose side the legal system is really on.

[–] CharlesDarwin@lemmy.world 0 points 11 months ago

Aw, no! :sadface: