Post by Joey Smith on Sept 7, 2007 11:18:22 GMT -5
APF/WPC President Kieran Kidder addresses Ernie Frantz and his plan to launch a new powerlifting federation to compete with Kidder's APF.
Ernie Frantz is a desperate liar!! I purchased the WPC for $200,000 even. He wanted royalties and additional payments in the future, but I said it's $200,000 even, or no deal. After he finally agreed to the terms of the deal I sent him a check for $40,000 as a down payment in the spring 2002, and promised the rest in 3-months. Then the lending source I was borrowing the money from said there were some last minute unforeseen problems, and it could be a couple of weeks before I could get the $40,000 down payment. So I had to call Ernie to ask him not to cash the check yet. That I needed a few more weeks. I could sense he was upset because he had been waiting so long for me to buy it. He said he would only wait for a few more weeks to get him the down payment, or the deal was off. Another week went by, and the money for the down payment was still taking to long. So I decided to borrow $40,000 in cash from some other resources I had. Which I already have paid back with interest.
I flew up to Chicago to give the cash to Ernie. My lawyer was made aware of the $40,000 down payment. He inserted language into the contract that the $40,000 down payment was paid in cash. When I got to Aurora we went in the back of his gym to his office. There I gave him the $40,000 cash which he put into a hidden closet in his office. Then I asked Ernie to please give me the check back for the $40,000 I originally gave him. His exact words were, " Kieran I swear I tore the check up so I wouldn't accidentally deposit it." I took his word for it because at the time I trusted him. Then a couple of months after that I sent him a cashiers check for $160,000, and that was that. I owned the WPC lock stock & barrel. Done deal!! I have a contract that outlines the whole deal.
So 5 years goes by. Then on April 9th,2007 I'm online checking out my bank accounts. I pull up my business account in shock because I noticed a $40,000 negative balance in my business account. I clicked on my banks icon so I could view the check, and it was the original check I had sent to Ernie back in April of 2002. That he swore he had torn up. He had signed the back and tried to deposit it. Obviously it bounced. Apparently commercial checks depending on the bank can be deposited/held up to 5-10 years, unlike personal checks which are only good for 1 year. It just happened to be a few days after I was released from my duties at the Arnold Classic. He thought I wouldn't notice due to all the negativity I was dealing with at the time. I could be dead, and it would be a cold day in hell before I let that crooked old fool get over on me.
Bottom line Ernie has nothing going for him right now. He has spent all the money I paid him for the WPC. He's a dysfunctional loser who can't be trusted. When Ernie ran the APF/WPC it was never for the good of the sport. It was about feeding his Godfather of Powerlifting ego/living off the APF/WPC. He only did it to make more money for himself in addition to his gym/supportive gear business. He never ran the APF as a legitimate not for profit. He always ran it through his business Frantz Sports, and spent the money on whatever he felt like spending it on. When I took the APF/WPC over I went to register myself as the new owner. I discovered the State of Illinois had absolutely no record of Ernie ever running the APF as a legal not for profit. The simple fact is Ernie duped the lifters into thinking he was operating the APF as a legitimate not for profit entity. When in fact he used the APF Membership money to run Frantz Sports/his personal use, which is illegal. I however have never spent a dime of the APF's money. It has always gone back into the federation to pay Amy's salary, and run the APF/WPC Office. Amy's dedication to the federation far supersedes her relationship with Ernie. She will continue to work for me only. She has recently stated on our forum that she will have nothing to do with Ernie's starting of another Unnecessary Powerlifting Association(UPA). For the record Amy's APF/WPC for life!!
Like I said he's not smart enough to get over on me. Bottom line Ernie's nothing but a low life thief! Who flat out tried to steal $40,000 from me. Now he's talking his poor Ernie pity party B.S. to anyone who will listen. At the AAPF Nationals just weeks after he pulled his crap. He was there showing random people/lifters the canceled $40K check, and was spreading rumors that I screwed him over. Which is the pot calling the kettle black. I only stayed part of one day at AAPF Nationals because I was so disgusted having look at Ernie play his," I'm the little victim song/dance." Also I didn't come to Chicago because I had given Ernie the AWPC Worlds long before he tried to screw me. I didn't want to make the lifters endure a last minute meet change. So to avoid a scene I didn't come. Can anybody really blame me for not wanting to be around Ernie? Somebody I used to have great respect for that tried to steal $40grand from me.
It's a shame I even have to reveal these details, but because of this ball baby information age we live in now I have no choice. Mine and Ernie's deal was $200,000 even. Not a cent more! For me to take control of the APF, and buy the WPC. Not because I really thought the APF/WPC was worth $200K, but at the time I thought Ernie deserved it for all he had done for the sport, and the APF/WPC Lifters. Boy was I wrong! Very few people get to see the real side of Ernie Frantz. He has burnt more bridges over the years than George Bush! Ernie is a classic bi-polar/passive aggressive. He loves you one minute, and will turn on you a second later for no reason. Play the tough-guy on the phone, and be all apologetic in person. After I bought the federation we had multiple heated blow-ups for the simple fact he couldn't have his cake and eat it to. Meaning he thought I was going to buy the APF/WPC, but I would never move it out of Frantz Sports. He wanted my money, but still wanted the control too. It absolutely killed him when I had Amy start running the APF/WPC Office out of her house. We never talked again from that day forward.
Ernie is as easy to read as a Chucky Cheese menu. It's painfully obvious that Ernie is only starting another Unnecessary Powerlifting Association(UPA) because he's financially struggling. Even with the fallout from the Arnold Classic the APF/WPC is bigger than it ever was under Ernie. He can't stand it! Now that he's broke he's kicking himself for selling me the federation. Secondly, how pathetic is it for him to use his last name in the initials of the federation? Honestly the American Frantz Powerlifting Federation(AFPF), talk about self absorbed. Again with all this info I've provided it's plain as day to see that APF/WPC powerlifting was always been about Ernie. He only was good to me because he thought I was going to finance is retirement forever, and when he didn't get his way he wrote me off. He also is one who exaggerated my wealth beyond reality to many lifters/people. Which created a dictator perception of me like he had with many WPC Countries. He has told many lifters that I'm a multi-millionaire. Which has ruined my reputation to this day because most WPO lifters falsely believe I have endless piles of money, and I'm holding out on them.
I realize many of you know Ernie as the sweet old guy who is very generous with training advice, and giving out free supportive gear. But what I have outlined here in this post is the absolute truth regarding the real personality of Ernie Frantz. Which is a dishonest person plain and simple. As for my deal purchasing the APF/WPC from Ernie it's was completely legal, which he freely signed the contract upon receiving the money. So for the record I completely own the APF/WPC outright. Because he's completely desperate he has been telling people that I have ripped him off, which is a complete fabrication. I owe him nothing.
Ernie Frantz is a desperate liar!! I purchased the WPC for $200,000 even. He wanted royalties and additional payments in the future, but I said it's $200,000 even, or no deal. After he finally agreed to the terms of the deal I sent him a check for $40,000 as a down payment in the spring 2002, and promised the rest in 3-months. Then the lending source I was borrowing the money from said there were some last minute unforeseen problems, and it could be a couple of weeks before I could get the $40,000 down payment. So I had to call Ernie to ask him not to cash the check yet. That I needed a few more weeks. I could sense he was upset because he had been waiting so long for me to buy it. He said he would only wait for a few more weeks to get him the down payment, or the deal was off. Another week went by, and the money for the down payment was still taking to long. So I decided to borrow $40,000 in cash from some other resources I had. Which I already have paid back with interest.
I flew up to Chicago to give the cash to Ernie. My lawyer was made aware of the $40,000 down payment. He inserted language into the contract that the $40,000 down payment was paid in cash. When I got to Aurora we went in the back of his gym to his office. There I gave him the $40,000 cash which he put into a hidden closet in his office. Then I asked Ernie to please give me the check back for the $40,000 I originally gave him. His exact words were, " Kieran I swear I tore the check up so I wouldn't accidentally deposit it." I took his word for it because at the time I trusted him. Then a couple of months after that I sent him a cashiers check for $160,000, and that was that. I owned the WPC lock stock & barrel. Done deal!! I have a contract that outlines the whole deal.
So 5 years goes by. Then on April 9th,2007 I'm online checking out my bank accounts. I pull up my business account in shock because I noticed a $40,000 negative balance in my business account. I clicked on my banks icon so I could view the check, and it was the original check I had sent to Ernie back in April of 2002. That he swore he had torn up. He had signed the back and tried to deposit it. Obviously it bounced. Apparently commercial checks depending on the bank can be deposited/held up to 5-10 years, unlike personal checks which are only good for 1 year. It just happened to be a few days after I was released from my duties at the Arnold Classic. He thought I wouldn't notice due to all the negativity I was dealing with at the time. I could be dead, and it would be a cold day in hell before I let that crooked old fool get over on me.
Bottom line Ernie has nothing going for him right now. He has spent all the money I paid him for the WPC. He's a dysfunctional loser who can't be trusted. When Ernie ran the APF/WPC it was never for the good of the sport. It was about feeding his Godfather of Powerlifting ego/living off the APF/WPC. He only did it to make more money for himself in addition to his gym/supportive gear business. He never ran the APF as a legitimate not for profit. He always ran it through his business Frantz Sports, and spent the money on whatever he felt like spending it on. When I took the APF/WPC over I went to register myself as the new owner. I discovered the State of Illinois had absolutely no record of Ernie ever running the APF as a legal not for profit. The simple fact is Ernie duped the lifters into thinking he was operating the APF as a legitimate not for profit entity. When in fact he used the APF Membership money to run Frantz Sports/his personal use, which is illegal. I however have never spent a dime of the APF's money. It has always gone back into the federation to pay Amy's salary, and run the APF/WPC Office. Amy's dedication to the federation far supersedes her relationship with Ernie. She will continue to work for me only. She has recently stated on our forum that she will have nothing to do with Ernie's starting of another Unnecessary Powerlifting Association(UPA). For the record Amy's APF/WPC for life!!
Like I said he's not smart enough to get over on me. Bottom line Ernie's nothing but a low life thief! Who flat out tried to steal $40,000 from me. Now he's talking his poor Ernie pity party B.S. to anyone who will listen. At the AAPF Nationals just weeks after he pulled his crap. He was there showing random people/lifters the canceled $40K check, and was spreading rumors that I screwed him over. Which is the pot calling the kettle black. I only stayed part of one day at AAPF Nationals because I was so disgusted having look at Ernie play his," I'm the little victim song/dance." Also I didn't come to Chicago because I had given Ernie the AWPC Worlds long before he tried to screw me. I didn't want to make the lifters endure a last minute meet change. So to avoid a scene I didn't come. Can anybody really blame me for not wanting to be around Ernie? Somebody I used to have great respect for that tried to steal $40grand from me.
It's a shame I even have to reveal these details, but because of this ball baby information age we live in now I have no choice. Mine and Ernie's deal was $200,000 even. Not a cent more! For me to take control of the APF, and buy the WPC. Not because I really thought the APF/WPC was worth $200K, but at the time I thought Ernie deserved it for all he had done for the sport, and the APF/WPC Lifters. Boy was I wrong! Very few people get to see the real side of Ernie Frantz. He has burnt more bridges over the years than George Bush! Ernie is a classic bi-polar/passive aggressive. He loves you one minute, and will turn on you a second later for no reason. Play the tough-guy on the phone, and be all apologetic in person. After I bought the federation we had multiple heated blow-ups for the simple fact he couldn't have his cake and eat it to. Meaning he thought I was going to buy the APF/WPC, but I would never move it out of Frantz Sports. He wanted my money, but still wanted the control too. It absolutely killed him when I had Amy start running the APF/WPC Office out of her house. We never talked again from that day forward.
Ernie is as easy to read as a Chucky Cheese menu. It's painfully obvious that Ernie is only starting another Unnecessary Powerlifting Association(UPA) because he's financially struggling. Even with the fallout from the Arnold Classic the APF/WPC is bigger than it ever was under Ernie. He can't stand it! Now that he's broke he's kicking himself for selling me the federation. Secondly, how pathetic is it for him to use his last name in the initials of the federation? Honestly the American Frantz Powerlifting Federation(AFPF), talk about self absorbed. Again with all this info I've provided it's plain as day to see that APF/WPC powerlifting was always been about Ernie. He only was good to me because he thought I was going to finance is retirement forever, and when he didn't get his way he wrote me off. He also is one who exaggerated my wealth beyond reality to many lifters/people. Which created a dictator perception of me like he had with many WPC Countries. He has told many lifters that I'm a multi-millionaire. Which has ruined my reputation to this day because most WPO lifters falsely believe I have endless piles of money, and I'm holding out on them.
I realize many of you know Ernie as the sweet old guy who is very generous with training advice, and giving out free supportive gear. But what I have outlined here in this post is the absolute truth regarding the real personality of Ernie Frantz. Which is a dishonest person plain and simple. As for my deal purchasing the APF/WPC from Ernie it's was completely legal, which he freely signed the contract upon receiving the money. So for the record I completely own the APF/WPC outright. Because he's completely desperate he has been telling people that I have ripped him off, which is a complete fabrication. I owe him nothing.