Cross Posted at Legal Schnauzer
The CEO of a company that completed a $380-million Wall Street IPO in 2010 was a fugitive from justice for more than two years for failure to pay child support.
Ted Rollins, CEO of Campus Crest Communities, had a bench warrant for his arrest issued on October 17, 2002, in Greenville, South Carolina. Judge Robert N. Jenkins issued the bench warrant after Rollins had been found in contempt for failing to pay $4,500 a month in unallocated family support to Sherry Carroll Rollins and the couple's two children.
Campus Crest Communities is a developer of student housing, with strong ties to Alabama. The company is based in Charlotte, North Carolina, but its primary corporate law firm is Birmingham-based Bradley Arant. Also, the company has announced plans to develop a $26.3-million apartment complex near the Auburn University campus.
Should investors and current/future Campus Crest tenants have faith in Ted Rollins' leadership? Well, his background raises plenty of disturbing questions.
Court records show that the South Carolina bench warrant remained in effect for roughly 31 months and was not lifted until May 13, 2005, after the divorce case had unlawfully been shifted to Alabama.
Sherry Rollins and her daughters, Sarah and Emma, now live in Birmingham. They qualify for food stamps because of the grotesquely unlawful divorce decree that Shelby County Judge D. Al Crowson issued--even though he had no jurisdiction to even hear the case. Did Ted Rollins benefit from his ties to the powerful Bradley Arant firm? Those ties certainly seemed to work in his favor.