MARCH 6, 2012 1:58PM

CEO Lies Under Oath to Reduce His Child-Support Payments

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Cross Posted at Legal Schnauzer



Ted Rollins, CEO of Campus Crest Communities, lied under oath in a child-support document he filed in his Alabama divorce case.


Sherry Carroll Rollins, Ted's ex wife and a Birmingham resident, makes the allegations in the third installment of a videotaped interview with Legal Schnauzer. (See the interview at the end of this post.)


Ted Rollins signed a CS-41 form stating that his only income was $4,166.67 a month, from employment at Reynolds Mortgage and Investment Co. of Brentwood, Tennessee. A CS-41 is an Alabama child-support document, an affidavit that is signed under penalty of perjury. The form was perhaps the single most important document filed in Rollins v. Rollins, a case that Ted Rollins initiated in Shelby County, Alabama, after Sherry Rollins' initial divorce complaint had been litigated for three years in South Carolina (where the couple had lived).


In a post titled "CEO With Deep Pockets Has Children on Food Stamps in Alabama," we published both a blank CS-41 form, plus a copy of the one Ted Rollins filed in Shelby County Circuit Court.


Based on Ted Rollins' sworn statement, his total income was $50,000.04 a year, and his child-support payments (for two daughters, Sarah and Emma Rollins) were based on that. The figure, however, seems to be greatly at odds with facts found by a South Carolina judge, as we described in a previous post:


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. . . .

The CS-41 is dated April 27, 2005, and published reports show that Campus Crest Communities already had started at that point, with Rollins as CEO. The South Carolina court found that Rollins was president of St. James Capital LLC, an investment firm he founded with his cousin--R. Randall Rollins, chairman of Rollins Inc. in Atlanta. The South Carolina judge found that the Rollins family is "extremely wealthy."

Sherry Rollins says both the amount and the source of Ted Rollins' income are false. From her interview with Legal Schnauzer:


The form said he made $50,000 a year and worked for Reynolds Mortgage company in Brentwood Tennessee, for a guy named Ken Reynolds--and that Reynolds Mortgage was withholding the support funds for the girls, and the state of Alabama would send it to me. The (child-support) check was late by two months . . . early in the first year (after the divorce) in Alabama. I called Reynolds Mortgage Company and got Ken Reynolds on the phone and asked why my girls' child support was late. I said I was Sherry Rollins, and I (had been) married to Ted Rollins. He said, "I know Ted Rollins," and he stated that Ted had never worked for him. . . . He had sold Ted some land in Murfreesboro, Tennessee, on which he built some apartments. That's when I learned that Ted had a company called Campus Crest. . . . Out of that conversation, I learned (Ted) had never worked for (Mr. Reynolds), and Ted had this company. Ted built one of his first complexes (at Middle Tennessee State in Murfreesboro).

It appears that Sherry Rollins caught her former husband red-handed in a lie--and it's not just a garden-variety lie. Ted Rollins' actions in his divorce case appear to constitute perjury and perhaps fraud on the court.


Is this a serious matter? Here is how the Code of Alabama defines perjury:


Section 13A-10-101 - Perjury in the first degree.

(a) A person commits the crime of perjury in the first degree when in any official proceeding he swears falsely and his false statement is material to the proceeding in which it is made.

(b) Perjury in the first degree is a Class C felony.

Did Ted Rollins commit a felony in the course of the divorce case he initiated in Alabama? We sent Mr. Rollins written questions via e-mail, seeking comment about allegations of fraud in the Rollins v. Rollins divorce case in Alabama. He has failed to respond to our messages.


Here is the Sherry Rollins' interview about the CS-41 form upon which Ted Rollins' child support was based:



Sherry Rollins Interview

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Hope he ends up doing time and pays too.