James B. (Jim) McDougal, a native of White County, Arkansas, and his wife, Susan McDougal (the former Susan Carol Hendley), were financial partners with Bill Clinton and Hillary Rodham Clinton in the real estate venture that led to the Whitewater political scandal of the 1990s. Starting in 1982, McDougal operated Madison Guaranty Savings and Loan. On April 14, 1997, McDougal was convicted of eighteen felony counts of fraud and conspiracy charges. Wikipedia
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