Posted by
P.A. Moore on Friday, March 21, 2008 7:28:09 AM
The New York Times, in an interview with attorney Randy Coleman, reports that Coleman's client, David Hale, had reached a plea agreement regarding his involvement in the Whitewater scandal.
David Hale, a former Arkansas judge, owned a company called Capital Management Services, which originated loans to businesses led by women and minorities. These loans, once approved by Hale's company, were funded by the U.S. Small Business Administration.
In 1986, Bill and Hillary Clinton's Whitewater business partner, Jim McDougall, arranged for a $300,000 SBA loan through Hale's company. McDougall arranged for the loan to be made to a company owned by his wife, Susan McDougall, in order to give the appearance that the funds were to be used by a "disadvantaged" business. Instead, the funds were used by Jim McDougall as funding for several of his enterprises, including his joint-venture with the Clintons, Whitewater.
“Whitewater Prosecutor Agrees on Plea Bargain”
By Jeff Gerth