On Wednesday morning, conspiracy theorist Alex Jones’ notorious Infowars media empire will go up for auction in a court-mandated sale, and at least one bid is in the “seven-figure” range, a person familiar with the matter told CNN.

Live bidding will be private, and the future owner of Jones' company will be public once court papers are filed. The proceeds will go to pay Sandy Hook families who won defamation cases against Jones.

Alex Jones' Infowars will go up for auction on Wednesday to help pay the $1.5 billion in damages owed to Sandy Hook families.

Conspiracy theory purveyor Infowars and most of its assets are set to go on the auction block Wednesday, with Alex Jones waiting to see if he will be allowed to stay or if he will get kicked off its online platforms.

Infowars could soon end as Jones sells off assets to pay over $1 billion to families of victims of the Sandy Hook school shooting.

Alex Jones, forced into bankruptcy after being found liable for defaming Sandy Hook families, is unsure about Infowars' future as the company heads to auction.

Source: The Alex Jones Show Sen. Elizabeth Warren (D-Mass.) said Monday that President elect-Trump “and his transition team are already breaking” a law on presidential transition. “Donald Trump and his transition team are already breaking the law,