Criminal Conviction
Jake Butcher pled guilty to Federal charges of bank fraud in 1985 and was given a 20-year prison term. He was paroled in 1992. He now resides in the Atlanta suburb of Canton, Georgia. He reportedly has worked for a Toyota distributor and as a real estate developer. His assets were auctioned off to satisfy his creditors.
C.H. Butcher, Jr., who also was sent to federal prison for bank fraud, was paroled in 1993 and died in 2002.
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