events
United American Bank of Knoxville, Tennessee collapses. Its president, Jake Butcher, is later convicted of fraud.
Related Wikipedia articles
Knoxville, Tennessee
City in Tennessee, United States
Knoxville is a city in Knox County, Tennessee, United States, and its county seat. Located on the Tennessee River within the Appalachian Mountains, it is the largest city in the Grand Division of East Tennessee. Knoxville had a population of 190,740 at the 2020 census, making it…Source: Wikipedia (CC BY-SA)
Jake Butcher
American businessman and politician (1936-2017)
Jacob Franklin Butcher was an American banker and politician. He built a financial empire in East Tennessee and was the Democratic Party nominee for governor of Tennessee in 1978. He was also the primary promoter of the 1982 World's Fair in Knoxville, Tennessee, and lost his…Source: Wikipedia (CC BY-SA)
Fraud
Intentional deception to gain unlawfully
In law, fraud is intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate civil law or criminal law, or it may cause no loss of money, property, or legal right but still be an element of another civil or…Source: Wikipedia (CC BY-SA)