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David Hale (Whitewater)
David Hale is a former Arkansas municipal judge and former Arkansas banker. He alleged the charges that resulted in the Whitewater scandal trials. Biography He worked with Jim McDougal on $3 million in loans from a lending company he ran. He pleaded guilty and went to jail for conspiring to defraud the Small Business Administration in looting the funds from a dummy business that he had established. He was sentenced to two years and four months in prison for fraud unrelated to the Whitewater deal. As part of his guilty plea for looting money from an insurance company, he provided the allegations for the Whitewater scandal and testimony for its investigators. He testified in the trial of Jim and Susan McDougal in 1989 when the Madison Guaranty Savings and Loan originally failed, and at the time, he never mentioned Clinton in a detailed account of the $300,000 loan. It was only when Hale came under indictment on other charges that he alleged any crime by Clinton. Hale testified in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whitewater Scandal
The Whitewater controversy, Whitewater scandal, Whitewatergate, or simply Whitewater, was an American political controversy during the 1990s. It began with an investigation into the real estate investments of Bill and Hillary Clinton and their associates, Jim McDougal and Susan McDougal, in the Whitewater Development Corporation. This failed business venture was incorporated in 1979 with the purpose of developing vacation properties on land along the White River near Flippin, Arkansas. A March 1992 ''New York Times'' article published during the 1992 U.S. presidential campaign reported that the Clintons, then governor and first lady of Arkansas, had invested and lost money in the Whitewater Development Corporation.Jeff Gerth"Clintons Joined S.& L. Operator In an Ozark Real-Estate Venture" ''The New York Times'', March 8, 1992. Accessed April 30, 2007. The article stimulated the interest of L. Jean Lewis, a Resolution Trust Corporation investigator who was looking into the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |