David Hale (Whitewater)
Encyclopedia
David Hale is a former Arkansas municipal judge, a former Arkansas banker, and a self proclaimed Bill Clinton political supporter—though he never made substantial contributions to any of his campaigns. He alleged the charges that resulted in the Whitewater scandal trials. He worked with Jim McDougal
on $3 million in loans from a lending company he ran. He pled guilty and went to jail for conspiring to defraud the Small Business Administration
in looting the funds from a dummy business he 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 in 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 never mentioned Clinton in a detailed account of the $300,000 loan at that time
. It was not until Hale came under Indictment on other charges that he alleged any crime by Clinton.
Hale testified in U.S. District Court that Gov. Bill Clinton
pressured him to make a fraudulent $300,000 loan and that he not be named in the loan. On June 23, 1994 Eugene Fitzhugh
pleaded guilty to trying to bribe David Hale.
Jim McDougal
James B. "Jim" McDougal , a native of White County, Arkansas, and his wife, Susan McDougal , were financial partners with Bill Clinton and Hillary Rodham Clinton in the real estate venture that led to the Whitewater political scandal of the 1990s...
on $3 million in loans from a lending company he ran. He pled guilty and went to jail for conspiring to defraud the Small Business Administration
Small Business Administration
The Small Business Administration is a United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses...
in looting the funds from a dummy business he 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 in 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 McDougal
Susan McDougal is one of the few people who served prison time as a result of the Whitewater controversy although fifteen individuals were convicted of various federal charges...
in 1989 when the Madison Guaranty
Madison Guaranty
Madison Guaranty was a Little Rock, Arkansas financial trust company.Starting in 1982 and operated by Jim McDougal-Susan McDougal Madison Guaranty Savings and Loan failed in the late 1980s. On April 14, 1997, Jim McDougal was convicted of 18 felony counts of fraud conspiracy charges...
Savings and Loan originally failed, and never mentioned Clinton in a detailed account of the $300,000 loan at that time
. It was not until Hale came under Indictment on other charges that he alleged any crime by Clinton.
Hale testified in U.S. District Court that Gov. Bill Clinton
Bill Clinton
William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...
pressured him to make a fraudulent $300,000 loan and that he not be named in the loan. On June 23, 1994 Eugene Fitzhugh
Eugene Fitzhugh
Eugene Fitzhugh 1 A Little Rock, Arkansas lawyer and businessman.On June 23, 1994 he pleaded guilty to trying to bribe David Hale. In exchanged for his bribery plea, he was sentenced to 28 months, and prosecutors dropped charges accusing him of conspiring to defraud the Small Business Administration...
pleaded guilty to trying to bribe David Hale.
See also
- Whitewater (controversy)Whitewater (controversy)The Whitewater controversy was an American politics controversy that began with the real estate investments of Bill and Hillary Clinton and their associates, Jim and Susan McDougal in the Whitewater Development Corporation, a failed business venture in the 1970s and 1980s.A New York...
- Floyd BrownFloyd BrownFloyd Gregory Brown is an American author, speaker and media commentator. He is president of Excellentia Inc., a consulting company specializing in non-profit organizational strategy, development and marketing. Brown has also worked as a political consultant and conducted opposition research for...
- David BossieDavid BossieDavid N. Bossie is an American political activist. Since 2000 he has been President and Chairman of conservative advocacy organization Citizens United.-Early life:...
- James D. JohnsonJames D. JohnsonJames Douglas Johnson, known as Justice Jim Johnson , was a former associate justice of the Arkansas Supreme Court, a two-time candidate for governor of Arkansas in 1956 and 1966, and in 1968 an unsuccessful candidate for the U.S...