Friday, September 25, 2015

CH Butcher's parole document--February 3, 1993

After the passing of Sandra Lea, several boxes of documents were given to family and friends to share. This document was found in those boxes. Did CH serve enough jail time for the millions that he robbed from customers of the banks he and Jake ran into the dirt? I think not. 

FROM NEWS SENTINEL: "KNOXVILLE, Tenn., May 1— C. H. Butcher Jr., who was jailed for fraud after his regional banking empire collapsed in the 1980's, died Tuesday at a Georgia hospital. He was 62. Mr. Butcher was hospitalized after falling down the steps at his home in Canton, Ga., earlier in the day,according to The Knoxville News-Sentinel. Mr. Butcher, former chairman of Southern Industrial Bank, and his brother Jake, together operated 27 banks in Tennessee and Kentucky, once valued at $3 billion. The banks collapsed in 1983 under the weight of unsecured loans and paper corporations loaded with debt." CH was known to use cocaine and many think he was on the drug when he fell.         

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