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KitConstantine posted:Only for 12 days as the motion was to modify the interim order not the final order, since there's no final order yet Cool I'm glad that Alex Jones gets 12 days to blatantly and obviously shovel more cash into his pockets, which is where this money is going Piell fucked around with this message at 23:24 on Aug 12, 2022 |
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Aug 12, 2022 23:05
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Another status conference coming on September 27th, chapter 11 plan filing deadline is mid October
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Aug 12, 2022 23:05
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Piell posted:Cool I'm glad that Alex Jones gets 12 days to blatantly and obviously shovel more cash into his pockets, which is where this money is going Eeeeeeeeh I'm not sure about that, and the judge pretty much said the opposing lawyers can use that time to dig into blue ascension some more
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Aug 12, 2022 23:06
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wait, i thought he was just a sales rep, that his supplements were pure profit because he just directs people to where they can buy them?
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Aug 12, 2022 23:08
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InsertPotPun posted:wait, i thought he was just a sales rep, that his supplements were pure profit because he just directs people to where they can buy them? The hearing was about allowing more money to come out of FSS to go to the fulfillment company, since they're selling a shitload more supplements than expected and exceeding the original budgeted amount for fulfillment The judge is okay with it for 12 days, and by then they have to come up with a more structured solution. FSS also has to provide full status reports the next two Tuesdays. The judge also stated that he's been giving a lot of thought as to whether this qualifies as a chapter 5 (small business bankruptcy) at all So not all positive. I would say p bad overall for Alex really. He definitely got exposed for doing some shady poo poo
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Aug 12, 2022 23:11
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InsertPotPun posted:wait, i thought he was just a sales rep, that his supplements were pure profit because he just directs people to where they can buy them? That's the food buckets. The supplements are white label so he has to pony up cash in advance.
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Aug 12, 2022 23:16
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ah, thank you both even his own company won't extend him credit right now.
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Aug 12, 2022 23:23
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InsertPotPun posted:ah, thank you both It's not that they won't, it's that they can't. The company filed for bankruptcy, money isn't supposed to be moving out of the company at all unless a judge says it's okay That's the point of the hearing - the company was allowed a certain amount of money to pay for logistics, and that money is almost gone. So they had to ask for more. Edit: not a lawyer, basing this off of what I heard during the hearings/have read. Happy to be corrected!
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Aug 12, 2022 23:30
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So they are pretending they don't have enough money for product because it's currently buried in shells? Or it's locked down due to court issues?
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Aug 13, 2022 00:14
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Upsidads posted:So they are pretending they don't have enough money for product because it's currently buried in shells? Or it's locked down due to court issues? Locked down due to court issues is my understanding. That's also why they aren't using the donation money Alex has brought in - the Judge hasn't explicitly said it's OK to use so they didn't risk it. Apparently.
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Aug 13, 2022 00:21
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TBH i think most of the families probably are more hopeful Alex Jones is bankrupted and his operations so severely disrupted they shut down permanently rather than they get the maximum amount of money. Which definitely can happen, I can only imagine Jones isn't a good business partner, doesn't pay on time, plays games with vendors and shippers etc.. Sufficient damage to his reputation and credit can make it very hard for him to do any kind of business, no matter how theoretically profitable he is as a product and shilling products.
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Aug 13, 2022 00:40
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We must allow this conman to sell more of his fraudulent wares doesn't seem great, even if the proceeds might some day get to a few of his victims. I get equal protection... But this guy is a convicted liar and proven unreliable at best.
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Aug 13, 2022 01:35
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At least “Blue Ascension” is a better fake company name than the previous ones, which were all just weird initials
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Aug 13, 2022 01:43
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Pirate Radar posted:At least “Blue Ascension” is a better fake company name than the previous ones, which were all just weird initials It's actually kind of sad tbh. The dude running it sounds like he's just as much of a dupe as anyone else. He think's he built a business!! he even has customers other than Free speech systems. Just another dupe sucked into Jones' orbit
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Aug 13, 2022 01:49
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Upsidads posted:So they are pretending they don't have enough money for product because it's currently buried in shells? Or it's locked down due to court issues? Locked down due to court issues: bankruptcy court means that you hand pretty much everything you have left to a court, who divides it up among your debtors. The court had allowed them a certain amount of money to continue buying product to sell based on their sales and revenues at the time. But right after that agreement was signed, a bunch of stuff that had been out of stock came back into stock and increased their sales. Now they're claiming that they need the court to release more money to go to this middleman for paying for their products. From the court's perspective, it's great if FSS is able to make more money, since that means more money to divide between the creditors. But everything about this fulfillment middleman is incredibly suspicious, so most likely this is just an attempt to funnel more money to puppet corporations to shelter it from the court's control.
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Aug 13, 2022 01:54
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Main Paineframe posted:
Honestly I'm more suspicious of the intermediate agent that's apparently handling the payment of credit card fees to credit card companies seems like a good place to skim some extra if you can swing it, and there was an odd amount of focus on it from the lawyers representing the victims, you know the ones that just got access to a bunch of jones documents due to a major leak last week
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Aug 13, 2022 01:59
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Do they have to pay a fine for wasting everybody's time if they lose the case?
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Aug 13, 2022 02:01
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Rinkles posted:Do they have to pay a fine for wasting everybody's time if they lose the case? lmao probably not Sanctions are a thing but I dunno how common they are in bankruptcy court
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Aug 13, 2022 02:08
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KitConstantine posted:lmao probably not I believe in Alex Jones, if any one can do it, it's him.
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Aug 13, 2022 02:19
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I saw a tweet a while ago to the effect that "it's really hard to get the death penalty in a civil case, but if anyone can it's Alex Jones."
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Aug 13, 2022 03:23
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Powerful Katrinka posted:I mean, in the end it was the IRS that jailed Al Capone. Maybe I'm naive, but I'm under the impression the US government tends to go after tax evasion on such a large scale with the fury of a thousand suns. If you don't want to pay taxes, go through the same loopholes all the other rich people and corporations do Wait, is he evading taxes too? I thought this was just about shielding his assets from civil judgments.
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Aug 13, 2022 11:08
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Bet it's real easy to accidentally commit tax evasion whilst trying to shield your assets. Also this isn't assuming he's commiting tax evasion for all he's worth anyway. I mean he's practically a sovereign citizen, why wouldn't he already be doing that?
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Aug 13, 2022 11:22
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It would be potentially devastating for his public image if it was revealed that he faithfully paid every cent of his taxes each year.
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Aug 13, 2022 11:44
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Main Paineframe posted:Locked down due to court issues: bankruptcy court means that you hand pretty much everything you have left to a court, who divides it up among your debtors. What are the odds that he's getting away with massive sheltering/hiding here? Or do the courts have the authority and the will to bully their way through that kind of fraud?
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Aug 13, 2022 13:33
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https://www.youtube.com/watch?v=QXifEpNFXBA
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Aug 13, 2022 13:38
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Main Paineframe posted:From the court's perspective, it's great if FSS is able to make more money, since that means more money to divide between the creditors. But everything about this fulfillment middleman is incredibly suspicious, so most likely this is just an attempt to funnel more money to puppet corporations to shelter it from the court's control. Doing this in full view of the court though seems like it would require an exceptional degree of competence from the people responsible to actually pull off anything substantial. And these are some of the most incompetent people of all time
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Aug 13, 2022 14:56
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Maybe we need a general Alex Jones Great 'Find Out" Legally Adventure with a timeline of all his upcoming"gently caress Around " court battles. We're in the bankruptcy court time, followed by his Sandy Hooks "find out" on the 17th but I'm clueless beyond that
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Aug 13, 2022 15:29
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Subjunctive posted:Wait, is he evading taxes too? I thought this was just about shielding his assets from civil judgments. Tax evasion wouldn't surprise me. I'm not sure there's a financial crime that would surprise me. He's a paranoid millionaire, of course he's going to be doing shady poo poo with his money.
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Aug 13, 2022 15:59
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Froghammer posted:Information about Jones' finances will become more clear as he starts to rack up guilty verdicts in his various civil cases, and I think it's safe to assume that he has a long history of financial chicanery just waiting to be uncovered. But it will just add to his gimmick of "give me money, the man is fighting me because they hate your freedoms" Genuinely would not be surprised if he turns a net profit from this. The only good possibility is that if Trump starts shaking people down at the same time he might get ignored.
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Aug 13, 2022 16:14
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thoughts and prayers posted:What are the odds that he's getting away with massive sheltering/hiding here? bankruptcy courts encounter people trying to pull poo poo like this all the time they're not going to fall for this incredibly half-baked scheme
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Aug 13, 2022 16:54
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Froghammer posted:Information about Jones' finances will become more clear as he starts to rack up guilty verdicts in his various civil cases, and I think it's safe to assume that he has a long history of financial chicanery just waiting to be uncovered. The reason tax evasion comes up is that trying to hide his assets from the courts doesn't stop at the courts; by saying he's got no money here he will also be saying it on his taxes and thus paying well under what he should be. He can't exactly claim to be bankrupt here and then file his actual worth come February, can he? E: although it wouldn't surprise me if they found out the dumbass was doing it before all this either.
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Aug 13, 2022 17:17
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He can, it just might not be a good idea.
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Aug 13, 2022 17:18
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Main Paineframe posted:bankruptcy courts encounter people trying to pull poo poo like this all the time I wonder how many bankruptcy cases are criminal dipshits trying to get away with something. It's got to be like half. But yeah it's a good reminder that it's not going to be the first time the judge has seen someone try to do this, and Alex Jones and the people who work for him are all very stupid and bad at crime.
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Aug 13, 2022 17:51
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Subjunctive posted:Wait, is he evading taxes too? I thought this was just about shielding his assets from civil judgments. I'm just guessing, but basically there's no way he's been completely honest with his taxes. My gut feeling is that the IRS is going to become very interested in Jones's finances if they aren't already. Even the fanboys throwing crypto at him isn't going to help once the IRS gets curious and starts asking more questions. Plus remember that Jones is his own worst enemy, so every inquiry becomes another opportunity for him to gently caress himself over Basically I agree with everyone who thinks that this is the beginning of the end of Jones's public career. It probably won't be in a single moment, but a death by a thousand cuts. Between the lawsuits, the bankruptcy and subsequent investigation into his finances, the January 6th Committee, and his already poor health, things are only going to go downhill for him
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Aug 13, 2022 18:14
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wit posted:But it will just add to his gimmick of "give me money, the man is fighting me because they hate your freedoms" Genuinely would not be surprised if he turns a net profit from this. The only good possibility is that if Trump starts shaking people down at the same time he might get ignored. Again, you're making the assumption that he won't face consequences, which might be a safe assumption if we weren't talking about Alex "talk poo poo about the judge on my show while the trial is still ongoing" Jones.
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Aug 13, 2022 19:27
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Agents are GO! posted:Again, you're making the assumption that he won't face consequences, which might be a safe assumption if we weren't talking about Alex "talk poo poo about the judge on my show while the trial is still ongoing" Jones. What?! They can hear me? e: 
Flyball fucked around with this message at 19:39 on Aug 13, 2022 |
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Aug 13, 2022 19:35
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Part of how rich people get away with poo poo is they have very capable lawyers and listen to them. Alex has neither.
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Aug 13, 2022 19:35
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wit posted:But it will just add to his gimmick of "give me money, the man is fighting me because they hate your freedoms" Genuinely would not be surprised if he turns a net profit from this. So? His gimmick won't stop the IRS from collecting on said profit. There's nothing his fanboys can do about the legal and financial consequences that are coming to Jones. Remember that Jones and his team are idiots and don't know how to hide their misdeeds, and the government has won against much smarter people with competent crooked lawyers and accountants
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Aug 13, 2022 20:06
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Grand Fromage posted:Part of how rich people get away with poo poo is they have very capable lawyers and listen to them. Alex has neither. 
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Aug 13, 2022 21:08
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The only thing Alex Jones has been able to do is to delay the consequences while simultaneously making them worse for himself when they finally hit. The only method he really could employ to avoid consequences at this point is pulling a Lowtax. 
Agents are GO! fucked around with this message at 21:25 on Aug 13, 2022 |
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Aug 13, 2022 21:23
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