Word: loaned
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Dates: during 1990-1999
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...addition, Business School Officials werewrong when they indicated last spring that theMitsui loan was the only one Epstein did not payon time. Epstein defaulted on loans worth millionsof dollars to at least six different banks,according to Los Angeles County court documents...
Walsh defrauded Dime to obtain the mortgages because a personally-guaranteed, multi-million dollar loan to develop condominiums was in jeopardy unless he could secure more buyers, according to prosecutors...
Like earlier statements, this one only raised new problems. James McDougal has told TIME that Lyons also counted, as a contribution to Whitewater and thus an eventual loss to the Clintons, a check for $20,744.65 that actually represented repayment by Bill Clinton of a personal loan. The loan, says McDougal, was for campaign expenses and had nothing to do with Whitewater. Lindsey insists the loan payment was Whitewater-related but says he does not know exactly how the proceeds were used...
...acres of land on the White River that they intended to develop for vacation homes. The price: $203,000, all borrowed -- $20,000 from Union Bank of Little Rock for a down payment; $182,611.20 advanced by Citizens Bank Trust of Flippin, a tiny Arkansas town, as a mortgage loan. On Sept. 30, 1979, after Bill Clinton was elected Governor, the couples transferred the land to the newly formed Whitewater company, which they owned fifty-fifty...
Some tax experts contend that if Whitewater assumed the mortgage loan on the property, then only the corporation, not its individual owners, could deduct any subsequent interest payments. In some cases, that tax consequence could be avoided through a device called a "mirror loan" or a "back-to-back loan"; Lindsey says he thinks the Clintons used such an arrangement but is not sure. Partner McDougal, however, says he never heard of any such thing. Experts consulted by TIME assert that if there were such a loan arrangement, it should have left a paper trail on the Clintons' tax returns...