Company owned solely by Alex Jones filed a proposed reorganization plan in its Chapter 11 bankruptcy case that shows the company expects to sell more than $30 million a year in dietary supplements
Alex Jones’ media company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year while leaving $7 million to $10 million annually to pay off creditors, including relatives of Sandy Hook shooting victims.
Free Speech Systems, owned solely by Jones, filed a proposed reorganization plan Tuesday in its Chapter 11 bankruptcy case in Houston that predicts it will have $7 million to $10 million annually after expenses to pay creditors from 2023 to 2027. The judge in the case, which was filed last year, would determine who gets that money and how much.
Meanwhile, Jones and an expected new chief operating officer would each be paid $520,000 per year. The company also would hand out $560,000 to nearly $1.3 million per year in executive incentives and another $352,000 to $677,000 in employee bonuses annually.
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