David Hale is a former Arkansas municipal judge and banker. His allegations of criminal behavior 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 Clinton, Bill and Hillary Clint ...

trials.

Biography

He worked with Jim McDougal 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 str ...

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 June 27, 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 1989 when the Madison Guaranty 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 person has committed a crime. In jurisdictions that use the concept of felonies, the most serious criminal offense is a felony; jurisdictions that do not use that concept often use that of an ind ...

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 and lawyer who was the 42nd president of the United States from 1993 to 2001. A member of the Democratic Party (United States), Democratic Party, ...

pressured him to make a fraudulent $300,000 loan for him not be named in the loan. On June 23, 1994, Eugene Fitzhugh pleaded guilty to trying to bribe Hale.

References

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

Biography

See also

References