208: Sterling Owen IV – Butcher Brothers Bank Failure

FBI Retired Case File Review

Jerri Williams

True Crime, Interviews, Fiction, History, Fbi, Government, Truecrime

4.6 • 2.1K Ratings

🗓️ 23 July 2020

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

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Summary

Retired agent Sterling Owen reviews the Butcher Bank failure case, his nearly four-year investigation of Jake and C.H. Butcher Jr., who operated a multi-billion dollar banking empire in Tennessee and Kentucky. The brothers, using a complex loan scam to steal millions of dollars from bank clients, led lives of wealth and the power, but were eventually convicted of fraud and conspiracy and sentenced to twenty years in prison for their crimes. The white-collar crime investigation was designated major case status.

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Transcript

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0:00.0	Welcome to episode 2008 of FBI Retired Case File Review with Jerry Williams.
0:12.0	I'm a retired agent on a mission to show review with a
0:13.0	a retired agent on a mission to show the public who the FBI is
0:17.0	and what the FBI does
0:18.0	through my books, my blog, and my podcast case reviews
0:22.0	with former colleagues. Today we get to speak to
0:26.1	retired agent Sterling Owen who served in the FBI for 23 years. His first assignment was to the Jacksonville Division.
0:37.0	Thereafter, he was transferred to the Chicago Field Office, and in 1981, he was transferred to the Knoxville division.
0:46.0	In this episode, Sterling Owen reviews the Butcher Bank Failure case,
0:52.0	his nearly four-year investigation of Jake and
0:56.8	C.H. Butcher Jr. who operated a multi-billion dollar banking empire in Tennessee and Kentucky.
1:05.8	The brothers, using a complex loan scam to steal millions of dollars from bank clients, led lives of wealth and power and were eventually
1:17.3	convicted of fraud and conspiracy and each sentenced to 20 years in prison for their crimes.
1:25.0	This white collar crime investigation was designated major case status.
1:31.0	Later in his career, Sterling Owen was promoted to supervisory special agent.
1:36.2	Following retirement, he operated his own private investigation and security firm
1:42.3	and served as a bankruptcy trustee. and of the City of Knoxville to serve as their chief of police for seven years.
1:55.6	Sterling Owen has also held various positions with the local chapter and national office
2:02.0	of the Society of Former Special Agents of the FBI.
2:05.0	Currently he is serving on the Board of Directors of the Knoxville Public Safety Foundation
2:11.0	which provides Public Safety officers with financial assistance.
2:16.3	I love case reviews featuring financial crimes, so I hope you enjoy this one too. But before we get to the interview I want to
	...

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