Here are pages from these billing records and an explanation of what
investigators believe they
reveal i.e., they tie Hillary Rodham Clinton directly to the fraudulent Castle
Grande land deal that already has put three people in prison (Jim and Susan
McDougal and Judge David Hale) and convicted a fourth (Jim Guy Tucker).
Videotaped trial testimony of President Bill Clinton in the Jim McDougal, Susan McDougal
and Jim Guy Tucker criminal case (Click here for the full transcript
or, click below for the key section)
At issue here in President Clinton's testimony is the perjury question.
Judge David Hale testified in the Jim McDougal trial that he was
pressured by Clinton to give Susan McDougal a $300,000 Small Business
Administration loan. But when asked the question if this was true, President
Clinton said in this sworn testimony it never happened.
Click here for the pertinent section of Clinton's testimony
Background Note on Clinton's Testimony: In April 1996, Jim and Susan
McDougal, and then-Arkansas Governor Jim Guy Tucker, went to trial in what
would become the Independent Counsel's first Whitewater convictions. Each
defendant was convicted of multiple counts of financial fraud for their
involvement in transactions related to the Castle Grande land deal.
Susan McDougal was convicted for fraudulently obtaining a $300,000 loan from a
Small Business Administration-backed lending operation run by Little Rock
Municipal Judge, David Hale. Loans from Hale's operation, Capital Management
Services, Inc., were intended for minorities and the economically
The loan to Susan McDougal, ostensibly for the purpose of creating an
advertising agency called Master Marketing, was deposited directly into her and
Jim's personal account at Madison Guaranty. Some of the proceeds from the loan
went to pay off outstanding debts on other McDougal loans, including a $25,000
payment to cover overdrafts in the Whitewater account.
As a witness for the prosecution during the Tucker/McDougal trial, David
Hale testified that in late 1985, and early 1986, then-Govemor Bill Clinton
inquired on several occasions about the status of Susan McDougal's loan.
As a witness for the defense, President Clinton testified via videotape that he
had never spoken to David Hale or either of the McDougals about the $300,000
loan to Susan. The President categorically denied having any knowledge about
or involvement in the Susan McDougal loan.
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