Whitewater controversy original FBI investigation of Madison Guaranty in 1989; only after coming under indictment himself in 1993, did Hale make allegations against the Clintons. A U.S. Securities and Exchange Commission investigation resulted in convictions against the McDougals for their role in the Whitewater project. Jim Guy Tucker, Bill Clinton's successor as governor, was convicted of fraud and sentenced to four years of probation for his role in the matter. Susan McDougal served 18 months in prison for contempt of court for refusing to answer questions relating to Whitewater. Neither Bill Clinton nor Hillary were ever prosecuted, after three separate inquiries found
Whitewater controversy gain of control, when the Republican Banking Committee chairman Al D'Amato also became chair of the newly formed Special Whitewater Committee. The Whitewater committee's hearings were much more extensive than those held previously by the Democrats, running for 300 hours over 60 sessions across 13 months, and taking over 10,000 pages of testimony and 35,000 pages of depositions from almost 250 people. The hearings' testimony and senatorial lines of investigation mostly followed partisan lines, with Republicans investigating the President and the Democrats defending him. The Senate Special Whitewater Committee issued an 800-page majority report on June 18, 1996, which only