Judge Refuses to Allow Sale of Infowars to The Onion

Re:Judge Refuses to Allow Sale of Infowars to The Onion by braincat31415 on Wednesday December 11, 2024 @08:26AM (#42387450)

If you have some "clear" evidence of him moving money and assets, you should contact the court. Hiding assets from bancruptcy proceedings is quite illegal (and extremely difficult in the US), and the court would be all over it if it had even a hint of this going on. I bet you don't really know and just talking nonsense.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by snowwrestler on Wednesday December 11, 2024 @08:34AM (#42387508)

It’s being done right out in the open by having his parents “own” his vitamin business, which is now bidding for InfoWars. This is one of the big problems with how the court is handling this case.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by pineaux on Wednesday December 11, 2024 @08:34AM (#42387507)

This is a lie. Hiding assets is trivially easy. You just shouldn't hide them by literally hiding them or not telling about them. Selling the assets for almost free to a different organisation just before you go get your bankrupty is the way to go.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by braincat31415 on Wednesday December 11, 2024 @08:39AM (#42387564)

If it is legal and done in plain sight, then it is not "hiding" by definition. If it were illegal, the court and the lawyers representing parents would have done something about the fact of the sale.

Hide: "put or keep out of sight; conceal from the view or notice of others."

The fact is that most of complainers here would be laughed out of the bancruptcy court, yourself included.

Selling assets for nothing before bancruptcy is legal, but will almost certainly be scrutinized by the court. The court has a broad power to collect the proceeds, sue the purchaser for the difference from the market value, and take additional steps to recover assets.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by tredre3 on Wednesday December 11, 2024 @01:39PM (#42391169)

In the financial world, hiding an asset doesn't always mean making it literally invisible. It just means making it out of reach to the collector.

You can argue about the legality of what he did if you want, but being a pedant about the dictionary definition of the word "hide" just detracts from your main point by showing that you're arguing in bad faith.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by braincat31415 on Wednesday December 11, 2024 @02:47PM (#42391992)

Fine, I'll go with your definition. I already pointed out (which you didn't bother to read) that fire-sale of assets before the bancruptcy does not make them out of reach to the collector. Maybe you need yet another definition. Try harder.

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