Posted by
P.A. Moore on Wednesday, May 28, 2008 7:33:47 AM
Bill & Hillary Clinton's Whitewater business partners, Arkansas Gov. Jim Guy Tucker and Jim & Susan McDougal, are convicted of fraud charges relating to small-business loans fraudulently applied for, and which partially paid for expenses of the Whitewater venture.
President Bill Clinton and his wife, Hillary, were not charged in the case, although President Clinton was called as a witness by his business partners.
According to David Hale, who had originated the loans, Bill Clinton had orally requested that the loans be approved, but had specifically requested that the Clintons' names be kept off of all loan documents. Hale also testified that during loan discussions, Jim McDougall had declared that the loans were for the benefit of the Arkansas "political family".
"Clinton Partners In Arkansas Deal Convicted By Jury"