Ed Stolz’ attempts at blocking court ordered receiver Larry Patrick from selling CHRs “Rev 92.7” KREV Alameda/San Francisco, 97.7 KRCK-FM Mecca/Palm Springs, and “104.3 Now” KFRH North Las Vegas to Christian network operator VCY America made Stolz a fugitive from justice.
Law360 reports that after Stolz did not surrender to U.S. Marshals by February 2 as required by a previous order by U.S. District Judge Jesus G. Bernal, Stolz is now being fined $10,000 per day that he fails to turn himself in. Bernal wrote in the order that Stolz “has failed to sign operational control of the bank accounts belonging to the radio stations at issue over to the receiver and to provide the receiver with all financial paperwork necessary for the receiver to run the stations, including identifying information regarding past accountants and copies of the stations’ 2019 federal and state tax returns.” Stolz was finally arrested by federal marshals on Thursday evening.
Tower owner Bellaire Tower Homeowner Association is also seeking to join those recouping money from Stolz as part of the sale. Bellaire states that Stolz has failed to pay the $305,940.49 and daily interest of $50.56 stemming from a 2014 state court judgement over tower lease for KREV.
Stolz filed a Petition To Deny with the FCC to reject the transfer of the stations to VCY America last week. Stolz claims that he has satisfied the original judgement and that the receivership will be terminated. Stolz also states that the $6 million sale price is well below market value with testimony from brokers claiming that KFRH and KREV are both worth $15 million each and KRCK-FM $3 million.
Stolz is known for using long court and FCC appeals to delay judgments against him. After trying to back out of his $25 million sale of then 106.5 KWOD Sacramento to Entercom in 1996, which delayed closing to 2003, Stolz spent much of the ensuing two decades constantly seeking to interfere in cases against the company and filing endless fruitless petitions against the company.





















