HomeGold Chief Executive Sentenced to 20 Years

Full story: WLTX Columbia

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.
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21 - 36 of 36 Comments Last updated Apr 20, 2011
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Lonewolf

Leesville, SC

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#21
Jul 9, 2008
 

Judged:

1

They should have chopped his head off,he got off easy,considering he helped cheat many out of their retirements and life savings.
cal

Jackson, MS

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#22
Aug 22, 2008
 
Absolutely Correct, Ronnie was the one that they were waiting for to pin all of the final debt on!
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.
cal

Jackson, MS

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#23
Aug 22, 2008
 
You are very ignorant to the actual facts of this
misguided justice system.
Every one of thos e investors knew the risk of reaping those huge percentage rates, cant get your money back from Vegas either when you lose it gambling.It doesnt matter how many retired citizens come strolling thru Vegas crying, Still not getting their cash back. Same difference!
Lonewolf wrote:
They should have chopped his head off,he got off easy,considering he helped cheat many out of their retirements and life savings.
Spirit of Boston

Fairport, NY

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#24
Feb 24, 2009
 
I worked for Homegold. I never met Ronnie but I can say the fear that would come over the employee's when he walked in the room was horific and out right wrong. I know of the manangement of Homegold and they would also try to manage with fear. The insider mentality and the" Witness protection plan" that was in place with people that were (Jehovah witness's) was wrong as well. the whole place was a complete and utter screw up being run by small minded and ignorant people. Some didnt know any better. Some did and took advantage of it. I remeber the day I left Homegold. I shook the dust off my feet and asked God to deal with the managment of Homegold severly if it was his will. I guess God is still in the business to answering prayer and Homegold is out of Business. I wanna vomit when I think back and remember that company. I will say I did hear that Ronnie was a hard worker and forced people to work just as hard and was a slave driver in the company before Homegold. I also heard of the wake of people and lives he destroyed. He(HomeGold) almost got me. I guess I was one of those smart yankees. Im sure Poeple will read this and know who I am. See Ya in the next life....

I said that in a broadcast e-mail the day I left. Funny history does repeat its self.
Thankful

Irmo, SC

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#25
Mar 5, 2009
 
The guy was a crook. He spent money like there was never going to be an end. A 10,000 square foot house in one of the more upscale neighbor hoods in Lexington (where all the other crooks live, example the Burger King franchise owner who refused to pay the franchise fees, resulting in all midlands burger kings being shut down). A Prevost touring bus (what does a mortgage person need a Prevost for). Hey spending other people’s money is easy, real stand up guy. South Carolina business will really suffer with the loss of such a ethical business leader.
spirit of Boston

Fairport, NY

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#26
Mar 10, 2009
 
I remember that bus. I remember the stories of that house. I heard he forced people to work around the clock. A Real wack job. People of afraid of standing up for themselves because he held a dollar in his hand and people needed that dollar. He clearly took advantage of people. He clearly ran that buisness (Homegold) into the ground. The only man I ever know to be able to squeeze blood from turnips. It wasnt a pretty site. A lot of people suffering still becasue of the lost money they invested and a lot of people still suffering from the bad memories. Dont know which is worse. I guess if youre an elderly person not able to take care of themselves now because of Carolina investors that is the worst. God help those people and God help those company executives.
bubba

Easley, SC

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#27
Mar 15, 2009
 
PurdueM wrote:
Keith Giddens and Dennis Cannup and John Sterling and Mark Keegan and the now infamous John S. McShane....
What happened to Dennis Cannup?
G Bradley

Lexington, SC

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#28
Sep 10, 2009
 
they should have gave him 1 year for every 1000.00
that he cheated people out of . 200 years in the pen wouldnt be enough
Dark Kent

Pella, IA

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#29
Sep 12, 2009
 
if that is the best they can do with this p.o.s., then i hope he does not get out before his 0 years are up.
Dave

Kennewick, WA

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#32
Jan 4, 2010
 
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.
I worked in Phoenix as well. I was the coolest computer geek you guys ever had before moving to Houston to help open that office. After the fireworks started going off with Lori all of a sudden showing up out there and taking over -- we knew it was time to dodge that bullet. I hope all is well Jeff.( sorry this is so late )
exgold

Tampa, FL

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#33
Jun 28, 2010
 
I moved to take a position with HomeGold in Lexington at HQ, thankfully for a very short time. The majority of the managers there, including Ronnie are about as dumb as a box of rocks, several lacking a diploma from high school. The most moronic idea I've seen an executive team come up with "Let's open more shops to try and "outgrow" our losses". Instead they lost more and cooked the books to try and prove out this method. How stupid!
R traylor

United States

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#34
Jul 22, 2010
 
Who was sec. Of treasure of home gold. Thanx for info.
Mark Jo

Costa Mesa, CA

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#35
Nov 3, 2010
 
PurdueM wrote:
Keith Giddens and Dennis Cannup and John Sterling and Mark Keegan and the now infamous John S. McShane....
I noticed you referred to the "Now infamous john Mcshane." I believe that he is now perpetrating fraud in California and I would like to have any information you may have on him. markc@carpenterfinancialllc.co m
Bob

United States

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#36
Nov 15, 2010
 
chelle wrote:
doesn't matter what they say sbout him he was a good person
I agree!!!
Ass Press 11 16 2010

United States

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#37
Nov 16, 2010
 
Bob wrote:
<quoted text>
I agree!!!
Sheppard appeals 20 year sentence.
http://thetandd.com/news/local/state-and-regi...
xronnieslave

Spartanburg, SC

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#38
Apr 20, 2011
 
I was unfortunate to be sucked into this disaster back when McShane was stil with them and thru whom the employees like to call Satan aka Ronnie. Ronnie is evilness and greed rolled into some really nicely tailored suits. Glad he is where he is and by the way Ronnie.......don't drop the soap sucker.

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