The Whitewater controversy was an American political controversy that began with the real estatedealings of Bill and Hillary Clinton and their associates Jim and Susan McDougal in the Whitewater Development Corporation, a failed business venture in the 1970s and 1980s.
In November 1993, David Hale, the source of criminal allegations against Bill Clinton in the Whitewater affair, alleged that Clinton, while governor of Arkansas, pressured him to provide an illegal $300,000 loan to Susan McDougal, the partner of the Clintons in the Whitewater land deal.[103]
A U.S. Securities and Exchange Commission investigation did result in convictions against the McDougals for their role in the Whitewater project, but the Clintons themselves were never charged, and Clinton maintains innocence in the affair.
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