HomeGold Chief Executive Sentenced to...

HomeGold Chief Executive Sentenced to 20 Years

There are 36 comments on the WLTX Columbia story from Feb 7, 2007, titled HomeGold Chief Executive Sentenced to 20 Years. In it, WLTX Columbia reports that:

Former HomeGold chief executive Ronald Sheppard has been sentenced to 20 years in prison for his role in one of South Carolina's biggest bankruptcies.

Join the discussion below, or Read more at WLTX Columbia.

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chelle

Columbia, SC

#1 Feb 7, 2007
doesn't matter what they say sbout him he was a good person
yea-right

United States

#2 Feb 7, 2007
chelle wrote:
doesn't matter what they say sbout him he was a good person
By "good person" are you referring to a lying, greedy, arrogant, haughty, self-centered, unethical, vulgar, repulsive person? I've known Ronnie personally for many years. He is reaping what he sowed. I think 20 years is conservative.
HC Collins

West Columbia, SC

#3 Feb 7, 2007
It would be interesting to know the expected time Ronnie Sheppard will
serve and his financial state at this time.
Ann Kelly

AOL

#4 Feb 7, 2007
My daddy used to say "a crow that flies too high, looks a lot like a buzzard". I think thats what happened to Mr. Shepherd. Maybe there is a lesson for us all in this.
innocent bystander

Suwanee, GA

#5 Feb 7, 2007
they should have given this guy life without parole. "if you live bu the sword, you die by the sword."
Kevin

Harrison, AR

#6 Feb 7, 2007
chelle wrote:
doesn't matter what they say sbout him he was a good person
I AGREE!!!
nane withheld

Columbia, SC

#7 Feb 7, 2007
For somone involved in such actions, the time sentenced does NOT EVEN compare to the victims losses. I am gald he got caught.But...he is or was still doing business in Columbia making mortgage loans to hundreds of unsuppecting victims. I hope this closes this business as well.Not to mention our good taxpayers money spent.He should be made to reimburse the state for all cost of his porton of the trail costs!!
Toni

AOL

#8 Feb 8, 2007
The saddest part about this is that Ronnie is one of the kindest men I have ever known, and I have known him for at least 20 years.The Homegold execs saw a scapegaoat in him, approached him, and he was too naive to turn them down. A 20 year sentence is outrageous, the original perpertrators of this collapse have received VERY mild sentences. Earle Morris convicted on 23 counts of securities fraud, gets 44 month sentence, Anne Owen 8 counts, 18 months HOUSE arrest and 90 DAYS confinement, Larry Owen 22 counts, gets 8 years and now elegible for parole. But Ronnie gets 20 YEARS for 3 counts and he walked into this mess, he DIDN'T create it. What is wrong with this picture? All of you that have posted such negative comments about Ronnie should be careful what you say, you obviously have no intimate knowledge of the situation. As for the guy who has known Ronnie 20 years and hates him, he must be one of the guys who couldn't perform to the high standards Ronnie set for his employees. He can take comfort in knowing that he has plenty of company, most folks couldn't even begin to come close to the work ethic Ronnie has. It is this ethic that made him a wealthy man. He EARNED his wealth, he gave away millions, gave back practically ALL the money he made while at Homegold. He doesn't deserve this.
Toni from West Columbia

AOL

#9 Feb 8, 2007
Kevin wrote:
<quoted text> I AGREE!!!
Kevin and Chelle, you both know the same guy I know. Ronnie doesn't deserve this.
An aquatance of sheppard

United States

#10 May 3, 2007
The question that really should be addressed is this; Why would Mr. Sheppard who has a reputation of a totally hands-on executive take on the responsibility of trying to salvage the financial fiasco that was Carolina Investors? As someone who observed his work habits on the floor I can personally attest to the fact that Sheppard was a total control freak. On more than one occasion I watched him review mortgage loan applications that we had turned down based on the date we had to work with. Now to claim that he had no notion of what was "really" going on is ludicrous. He is not the Mother Theresa of the mortgage industry. So what if he has given a few bucks away to "needy" friends. I watched him wander on the work floor and reach into his pocket and take out a roll of $100 bills and offer a bounty to the first loan officer to submit an appraisal request - a sign that a loan had been sold. The man is a strange bird and proof of a big fish in a little pond who overreached his abilities.I can admire his ambition and fortitude but when you take on the fiduciary responsibility of a CEO then with the rewards also come the potential liabilities. Who speaks to the massive losses of the folks who lost their life savings? This conviction was realistic and at the same time a tragedy all the way around.
jose fonseca santos

Montijo, Portugal

#11 May 22, 2007
This is not the some homegold that we have in portugal. In portugal it means a good and respeitable company to sel and rent allkind of property
pelase be gentely with us
jose fonseca santos

Montijo, Portugal

#12 May 22, 2007
In Portugal it si some thing diferent or better a new and good real state compampany to rent and sel property
Please be kind wint this gently heart
Jeff

United States

#13 May 24, 2007
Does anyone know who HomeGold sold to? I was an employee of HomeGold in Phoenix, and they shut down my department in December of 2002. I was told that it was sold to another company and our west coast operations center was being shut down. I am trying to get a number to HR, or whomever would have the employee records (employee hire & start dates, etc.). Does anyone know? Thanks for the help.
Ex- Homegold

Olmsted Falls, OH

#14 Jul 20, 2007
Jeff wrote:
Does anyone know who HomeGold sold to? I was an employee of HomeGold in Phoenix, and they shut down my department in December of 2002. I was told that it was sold to another company and our west coast operations center was being shut down. I am trying to get a number to HR, or whomever would have the employee records (employee hire & start dates, etc.). Does anyone know? Thanks for the help.
Look up a company called Emco in Columbia So. Carolina. I believe they are the last remnant of HomeGold. I worked for them in 2002 and left right before they shut down their branches and consolidated into Emco.
Ex-HomeGold

Summerville, SC

#15 Dec 2, 2007
The company was Emmco, LLC 113 Reed Ave., Lexington, SC 29072. The compny closed its doors at tht office-spring 2006. Reopened in the old pioneer machinery building off of 378 in W. Columbia, SC for a very short time.
PurdueM

Tulsa, OK

#16 May 13, 2008
I met him on several "client visits" with the law firm I was with at that time in SC. I was never even remotely impressed with the person...(can't call that 'mink' a "man", right?)
Toni wrote:
The saddest part about this is that Ronnie is one of the kindest men I have ever known, and I have known him for at least 20 years.The Homegold execs saw a scapegaoat in him, approached him, and he was too naive to turn them down. A 20 year sentence is outrageous, the original perpertrators of this collapse have received VERY mild sentences. Earle Morris convicted on 23 counts of securities fraud, gets 44 month sentence, Anne Owen 8 counts, 18 months HOUSE arrest and 90 DAYS confinement, Larry Owen 22 counts, gets 8 years and now elegible for parole. But Ronnie gets 20 YEARS for 3 counts and he walked into this mess, he DIDN'T create it. What is wrong with this picture? All of you that have posted such negative comments about Ronnie should be careful what you say, you obviously have no intimate knowledge of the situation. As for the guy who has known Ronnie 20 years and hates him, he must be one of the guys who couldn't perform to the high standards Ronnie set for his employees. He can take comfort in knowing that he has plenty of company, most folks couldn't even begin to come close to the work ethic Ronnie has. It is this ethic that made him a wealthy man. He EARNED his wealth, he gave away millions, gave back practically ALL the money he made while at Homegold. He doesn't deserve this.
PurdueM

Tulsa, OK

#17 May 13, 2008
I met him on several "client visits" with the law firm I was with at that time in SC. I was never even remotely impressed with the person...(can't call that 'mink' a "man", right?) He's where he belongs, for longer......
PurdueM

Tulsa, OK

#18 May 13, 2008
Keith Giddens and Dennis Cannup and John Sterling and Mark Keegan and the now infamous John S. McShane....
bb-ex-worker

Atlanta, GA

#19 Jun 25, 2008
I made a pretty penny while employed at HomeGold,
also to mention the experience and skills learned while working there. This is a complete example of the WorldCom collaspe. All the people that lost their life savings my heart goes out to them.
Elizabeth Military Wife

Holly Springs, NC

#20 Jul 9, 2008
I worked for HomeGold before and after Ronnie Shepherd joined the company. The company that merged with HomeGold that he owned before becoming involved with HomeGold was not on the up and up. I saw the sloppy paperwork that was done there, and it is no wonder both companies ended up in the shape that they did. People who stood up to the new management to say that the new policies were not right or down right illegal were fired, or forced out. Regardless of the appearance of the "cover", the "book" was bad. I didn't take an offer to work in the Columbia office when they closed the Greenville office because I didn't want to be asked to do something that I knew was illegal. As it was I saw things toward the end that I suspected were illegal, but I was too young and inexperienced to recognize them at the time. Coverage of the Enron collapse educated me. Now I know that they were.

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