Cross Posted at Legal Schnauzer
The CEO of a student-housing development company has an ex wife and two daughters who are on food stamps in Alabama.
Ted Rollins, the head of Charlotte-based Campus Crest Communities, helped his company complete a $380-million IPO late last year. And a South Carolina divorce-court judge found that Rollins belongs to one of the nation's wealthiest families and has the use of multiple private aircraft. But Rollins managed to get the divorce case unlawfully moved to Alabama, and the resulting judgment means that his ex wife and two daughters qualify for food stamps.
Sherry Carroll Rollins said she and the girls now are on food stamps--and have been for some time. That's because Alabama Circuit Judge D. Al Crowson ordered Ted Rollins to pay only $500 in alimony and $815 in child support--a monthly total of $1,315. Our research indicates that is a shockingly low level of support for a man of Rollins' means, a CEO whose family owns Orkin Pest Control and other highly profitable enterprises.
As a comparison, we recently reported that football star Terrell Owens pays $5,000 a month in support of one child. In other words, Ted Rollins pays less than one-fifth what Terrell Owens pays--for twice as many children. Owens is a rich fellow, by most standards, but it's doubtful his net worth even approaches that of Ted Rollins.
Did Ted Rollins get a sweet deal in Alabama? You be the judge. Is this is a sensitive topic for the CEO? Well, he threatened to sue me last week because of my reporting on Rollins v. Rollins.
How did Ted Rollins, who regularly flies around the country on private jets, manage to get a support judgment that might be expected for a janitor, a school teacher, or a journalist? We are continuing to investigate that question. But one answer appears to rest with a CS-41 form, an Alabama child-support document that is signed under penalty of perjury. (See the front and back of the Alabama CS-41 form below, followed by Ted Rollins' CS-41.)