Butcher's Lawyer Sentenced to 20 Years
Dec. 24, 1985
COVINGTON, Ky. (AP) _ The attorney for bankrupt financier Jake Butcher and the collapsed United American Bank group was sentenced to 20 years in prison for his role in a scheme to hide $26.5 million from the Internal Revenue Service.
U.S. District Judge William O. Bertelsman on Monday gave G.W. Ridenour Jr. until Feb. 1 to surrender to federal marshals. The U.S. Bureau of Prisons must decide in the interim where Ridenour, 49, will serve his sentence.
Ridenour was charged with making false statements on his 1978 and 1980 federal income tax returns. He also was charged with helping Butcher file false returns for 1978, 1980 and 1981 to hide income from the IRS.
Butcher, who ran the chain of Tennessee and Kentucky banks from United American Bank headquarters in Knoxville, Tenn., is serving a 20-year term at a federal prison camp in Atlanta.
Two of his former associates, Jesse A. Barr and Jack H. Patrick, are serving lesser sentences at the Federal Correctional Institution near Lexington.
Butcher, Barr and Patrick were charged with bank fraud in 1984, following a federal investigation of a string of Butcher bank failures. The three pleaded guilty.
Only Ridenour pleaded innocent.