Word: tuckers
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...months independent counsel Kenneth Starr has been investigating the Whitewater affair, he has always telegraphed his punches. Early on, he did not deny reports that Arkansas Governor Jim Guy Tucker was a prosecutorial goal-and eventually Tucker was indicted. In May, Starr quashed speculation about the imminent indictment of presidential adviser Bruce Lindsey; Lindsey has not been indicted...
...White House lawyers working on Whitewater were relieved last week when the 21-count felony indictment of Tucker and former Clinton business partners Susan and James McDougal didn't mention the Clintons-or Whitewater-at all. Starr hammered the point home: "The indictment does not charge criminal wrongdoing by President William Jefferson Clinton or First Lady Hillary Rodham Clinton." To White House officials, this was vindication: Starr, they believe, has accepted their contention that the Whitewater mess was only one small scam in a host of shady deals by Jim McDougal...
Indeed, Starr's latest charges focused on a series of allegedly fraudulent loans made to the McDougals and to Tucker, then a lawyer. The loans were issued by former Arkansas municipal judge David Hale, who ran a federally backed investment company for small businesses called Capital Management Services; the money helped finance various real estate developments in the mid-1980s. The indictment alleges that Hale gave McDougal four loans backed by the Small Business Administration in exchange for $825,000 in financing by McDougal for a fraudulent real estate deal. The financing was provided by McDougal's savings and loan...
...Tucker was indicted in June on charges of defrauding the IRS and falsifying a loan application. Last week he vowed to contest the 11 new charges and continue serving as Governor, a post he inherited when Clinton became President. He won the office in an election last year...
...These indictments may have little or nothing to do withWhitewater," saysTIME's James Carneyof the 48-page indictment that charges Bill Clinton's former business partner James McDougal, his wife Susan, and Arkansas governor Jim Guy Tucker with bank fraud and numerous other crimes. "Webster Hubbell was indicted, and it was shown that the Clintons had nothing to do with his crime. It is not clear that this involves the Clintons at all," says Carney. " Still, it certainly isn't good news for the Clintons...