Cross Posted at Legal Schnauzer
Ted Rollins, the head of a company that completed a $380-million Wall Street IPO in late 2010, is the "ultimate deadbeat dad," according to his ex wife.
Ted Rollins is the CEO of Charlotte-based Campus Crest Communities, a company that has built roughly 30 student-housing developments near college campuses across the country. A $26-million project is planned for Auburn University, and Rollins has other ties to Alabama.
His ex wife, Sherry Carroll Rollins, now lives in Birmingham with the couple's teen-aged daughters, Sarah and Emma. In part one of an extended interview with Legal Schnauzer, Ms. Rollins describes her former husband's repeated failure to pay court-ordered family support during a divorce action that was litigated over four years, in two states--South Carolina and Alabama.
By Ms. Rollins' rough calculations, Ted Rollins owed at least $350,000 and paid less than one-third of that, roughly $104,000. "I would say he's the ultimate deadbeat dad," Ms. Rollins said. "He didn't see his children for more than two years, by choice. He didn't pay anything. We became wards of the state and wards of my family. . . . My father kept us going for over a year, a year and a half."
Ms. Rollins goes on to say Ted Rollins owns a company that owns three private jet craft. And yet his ex wife and two daughters currently are on food stamps. Here is our first in a series of interviews with Sherry Carroll Rollins: