[5] Early in his legal career, Speer worked for the State of Florida in Tallahassee as a Special Assistant Attorney General.
[6] Speer established his first of many business partnerships with Estlon and JoAnn Pippin, experienced single-family homebuilders in Pasco County, Florida.
During a slow-down in the real estate business, Speer spent three years in Europe, Saudi Arabia, and Kuwait formulating TACET (Technology and Capital Exchange Trust).
[citation needed] Speer was also involved in growing vegetables in Puerto Rico; he owned a beautician school, restaurants, lounges, a marina, marine dredging, data processing services, multi-level marketing of vitamins and cosmetics, cement block manufacturing, country-western music publishing and recording studios, telecommunications companies, a high-end boutique shop, general insurance agency, internet connection and data center, a walk-in medical clinic, wholesale gasoline and diesel fuel distribution operation, a travel agency, home security monitoring, mail order medical and diabetic supply company, a Big & Tall men's clothing store, an AM radio station, a mobile medical screening company, a book publishing company, a warehouse fulfillment and distribution company, an advertising media consulting firm, television stations, mobile home parks, a 225 room hotel in Nassau, Bahamas, a 500,000 square foot commercial warehouse complex in Las Vegas, and a five-star 23 story resort hotel and residences on Ft. Lauderdale Beach.
The foundation has donated to the Dr. Parker Mahan Facial Pain Center at the University of Florida College of Dentistry, Pasco County YMCA Family Center, The Florida Orchestra, Ronald Reagan Presidential Library, Presidential Prayer Team, Hurricane Relief Fund, New Port Richey's Super Playground, Billy Graham Crusade, and local Christian churches.
[citation needed] During this tumultuous and intense period of significant litigation when most other business men would have become extremely wary of risky speculations, Speer forged ahead.
When the local venture expanded dramatically, they acquired access on a satellite channel in 1985, enabling the company to sell merchandise throughout the United States from the Clearwater facility.
Within five years, the company would achieve over one billion dollars in annual net sales, a testament to Speer's vision and leadership.
Merchandise that is unsuitable for sale via the Company's programs or outlet stores was sold by Richard Speer, who received a commission of 15% on the amount realized upon disposition.
[12] After his death at the age of 80 in 2012, Lynnda, acting as Speer's personal representative, filed a lawsuit against Morgan Stanley for $400 million.