Madison Guaranty
Encyclopedia
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. The counts had to do with bad loans made by Madison S&L
.
This S&L
was partnered with Whitewater Development Corporation
, the subject of Whitewater probe and owned, in part, by Bill and Hillary Clinton
.
Madison Guaranty and McDougal hired Rose Law Firm
where the Mrs. Clinton worked as a defense attorney. Mrs. Clinton's Rose Law Firm billing records
on Madison Guaranty and McDougal's Castle Grande
project that Hillary called IDC - Industrial Development Corporation. How much work she actually did on Madison and Castle Grande was the subject of the missing billing records. McDougal also held a fundraiser at Madison Guaranty that paid off Clinton's campaign debt of $50,000. Madison cashier's checks accounted for $12,000 of the funds raised.
Madison employees in the Starr Report
Little Rock, Arkansas
Little Rock is the capital and the largest city of the U.S. state of Arkansas. The Metropolitan Statistical Area had a population of 699,757 people in the 2010 census...
financial trust company.
Starting in 1982 and operated by Jim McDougal
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...
-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...
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. The counts had to do with bad loans made by Madison S&L
Savings and loan association
A savings and loan association , also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans...
.
This S&L
Savings and loan association
A savings and loan association , also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans...
was partnered with Whitewater Development Corporation
Whitewater Development Corporation
The Whitewater Development Corporation was a failed business venture of James and Susan McDougal with Bill and Hillary Clinton. The business was incorporated on June 18, 1979, with the purpose of developing vacation properties on 230 acres of land along the White River near Flippin, Arkansas.-...
, the subject of Whitewater probe and owned, in part, by Bill and Hillary 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...
.
Madison Guaranty and McDougal hired Rose Law Firm
Rose Law Firm
Rose Law Firm is headquartered in Little Rock, Arkansas. It is the oldest law firm in the United States west of the Mississippi River and the third oldest in the United States....
where the Mrs. Clinton worked as a defense attorney. Mrs. Clinton's Rose Law Firm billing records
Vince Foster
Vincent Walker Foster, Jr. was a Deputy White House Counsel during the first few months of President Bill Clinton's administration, and also a law partner and friend of Hillary Rodham Clinton...
on Madison Guaranty and McDougal's Castle Grande
Castle Grande
Castle Grande was a real estate development in Arkansas about 10 minutes south of Little Rock. It came into National news as a result of the Whitewater investigations. The project was a lot where Jim McDougal hoped to build a microbrewery, shopping center, a trailer park and other future projects...
project that Hillary called IDC - Industrial Development Corporation. How much work she actually did on Madison and Castle Grande was the subject of the missing billing records. McDougal also held a fundraiser at Madison Guaranty that paid off Clinton's campaign debt of $50,000. Madison cashier's checks accounted for $12,000 of the funds raised.
Madison employees in the Starr ReportStarr ReportThe Starr Report was an investigative account of United States President Bill Clinton by Independent Counsel Kenneth Starr and released on September 11, 1998.-Background:...
- John LathamJohn Latham (Whitewater)John Latham is a former CEO of Madison Guaranty that came into front page national news as a result of the Whitewater investigations.Madison Guaranty was owned and operated by James and Susan McDougal. On February 7, 1985 Jim McDougal wrote to Gov. Bill Clinton to recommend Latham for the Arkansas...
: former Madison Guaranty CEO - Robert W. PalmerRobert W. PalmerRobert W. Palmer is a former Madison Guaranty land appraiser and pleaded guilty to federal conspiracy charges related to Whitewater. He was later pardoned by Bill Clinton in a controversial manner....
: former Madison Guaranty land appraiser - Larry KucaLarry KucaLarry Kuca former head of Madison Financial, a subsidiary of Madison GuarantyLarry Kuca pleaded guilty to one misdemeanor for defrauding the US Small Business Administration of a $150,000 loan together with David Hale in July 1995. Madison Financial and Madison Guaranty were owned and run by Jim...
: former head of Madison Financial, a subsidiary of Madison Guaranty