The Real Estate investments of which US President were investigated in the ‘Whitewater Scandal’?
Chris Wade (real estate broker) the real estate broker for Jim McDougal and Bill Clinton for the Whitewater Development Corporation. He sold the lots for the Clintons and McDougals. He ended up buying some of the land from them. In 1985, Jim McDougal traded the few remaining Whitewater lots to Wade for an airplane and the assumption of $35,000 in bank debt to 1st Ozark. The Clintons and McDougals were still personally obligated on the note. He came into front page national news as a result of the Whitewater investigations. On March 21, 1995, Wade pleaded guilty to two felony counts including bankruptcy fraud. Wade
Whitewater controversy and results of the Whitewater investigations turned the public against the Office of the Independent Counsel; even Kenneth Starr was opposed to it. The Independent Counsel law was allowed to expire in 1999. Whitewater controversy The Whitewater controversy, Whitewater scandal, or simply Whitewater, was an American political controversy of the 1990s. It began with an investigation into the real estate investments of Bill and Hillary Clinton and their associates, Jim McDougal and Susan McDougal, in the Whitewater Development Corporation. This failed business venture was incorporated in 1979 with the purpose of developing vacation properties on land along the White River