Word: butchers
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...refuge in South America after the war. Protected and organized by a loosely knit network known as Kameradenwerk (Comrades' Enterprise), some of them have been living under their own names, and in considerable prosperity. Roughly 300 reportedly went to Paraguay. Eichmann and others lived in Argentina. Klaus Barbie, the "Butcher of Lyon," made his home in Bolivia before he was extradited to France in 1983. Two major catches of former Nazi bigwigs occurred in Brazil. In 1967 Sao Paulo police seized Franz Stangl, who was allegedly responsible for the deaths of some 400,000 victims at the Treblinka and Sobibor...
...Jake Butcher wiped away tears as he stood last week with his wife and four children in a Knoxville court. The room was not far from the site of the 1982 ; World's Fair, which he made a success, and the gleaming headquarters building of the United American Bank, where he had been chairman. "I want to apologize for what I've done," said Butcher, 49. "I pray for the opportunity to try to restore or right some of the wrongs . . . My little boy there, nine years old, thinks I'm going to be gone 20 years." But Federal Judge...
...intrigue and downright crime. The offenses make up a catalog of chicanery: cheating on Government defense contracts, check-writing fraud, bogussecurities dealing, tax dodges, insider trading and money laundering. Among the culprits: General Electric, E.F. Hutton, Bank of Boston and General Dynamics. Once powerful and respected executives, including Jake Butcher, the Tennessee banker, and Paul Thayer, the former LTV chairman, are now facing the humbling prospect of spending several years in prison...
...depositors' money and juggled the books to cover up losses. The Federal Deposit Insurance Corporation estimates that 50% of the 79 bank failures that occurred last year resulted at least in part from criminal conduct. Among the casualties were the eleven banks in Tennessee and Kentucky controlled by Jake Butcher. He pleaded guilty last month to charges of misusing his banks' money to make illegal loans to himself and associates. Butcher is awaiting a sentence that could amount to 20 years in prison...
Harsh penalties may be the most effective deterrent to executive-suite misdeeds. Says U.S. Attorney Giuliani: "Corporate crime is a crime of greed and fear. The best way to combat it is to raise the fear." Experts hope that the sentence given Thayer and the long prison term that Butcher is expected to receive will send a message to would-be business criminals about the consequences of getting caught...