David Hale is a former Arkansas municipal judge and former Arkansas banker. He alleged the charges that resulted in the

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 ass ...

trials.

Biography

He worked with

Jim McDougal James B. McDougal (August 25, 1940 – March 8, 1998) was a native of White County, Arkansas, and his wife, Susan McDougal (the former Susan Carol Henley), were financial partners with Bill Clinton and Hillary Clinton in the real estate venture ...

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 The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and stren ...

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 Susan Carol McDougal (née Henley; born 1955) is a real estate investor who served prison time as a result of the Whitewater controversy. Her refusal to answer "three questions" for a grand jury, on whether President Bill Clinton lied in his tes ...

in 1989 when the

Madison Guaranty Madison Guaranty Savings and Loan Association was a savings and loan association based in Little Rock, Arkansas. The company operated from 1979 until 1989 when it was shut down by federal regulators as a result of bank failure, leading to a loss o ...

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 An indictment ( ) is a formal accusation that a legal person, person has committed a crime. In jurisdictions that use the concept of felony, felonies, the most serious criminal offence is a felony; jurisdictions that do not use the felonies concep ...

on other charges that he alleged any crime by Clinton. Hale testified in U.S. District Court that (then) Governor

Bill Clinton William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and agai ...

pressured him to make a fraudulent $300,000 loan for him not be named in the loan. On June 23, 1994,

Eugene Fitzhugh Eugene C. Fitzhugh (May 11, 1926 – August 21, 2007) was a Little Rock, Arkansas lawyer and businessman. On June 23, 1994, he pleaded guilty to trying to bribe David Hale. In exchange for his bribery plea, he was sentenced to 28 months, and pro ...

pleaded guilty to trying to bribe Hale.

References

{{DEFAULTSORT:Hale, David People from Arkansas Year of birth missing (living people) Living people Municipal judges in the United States Whitewater controversy

Biography

See also

References