Stories the media doesn't tell you about the Clintons and the state that made them
Mochtar Riady forms Lippo Finance & Investment in Little Rock. A non-citizen, Riady hires Carter's former SBA director, Vernon Weaver, to chair the firm. The launch is accomplished with the aid of a $2 million loan guaranteed by the SBA. Weaver uses Governor Clinton as a character reference to help get the loan guarantee. First loan goes to Little Rock Chinese restaurant owner Charlie Trie. In 1999, reported the Washington Post, Trie, who had become a controversial fund-raiser for President Clinton, "entered into a plea agreement with the Justice Department yesterday, winning leniency in exchange for telling all in an investigation of improper campaign contributions originating in China."
State regulators warn Jim McDougal's Madison Guarantee S&L to stop making imprudent loans. Gov. Clinton is also warned of the problem but takes no action.
According to a later account in the Tampa Tribune, planes flying drugs into Mena in coolers marked "medical supplies." are met by several people close to then-Governor Bill Clinton.
Although he is under investigation for drug activities, Dan Lasater's firm is given a piece of 14 state bond issues.
Judge David Hale's Capital Management Services starts making loans to state figures. Wikipedia will later report: "David Hale is a former Arkansas municipal judge and former Arkansas banker. He worked with Jim McDougal on $3 million in loans from a lending company he ran. He pled guilty and went to jail for conspiring to defraud the Small Business Administration in looting the funds from a dummy business he established. As part of his guilty plea in looting money from an insurance company, he provided the allegations for the Whitewater scandal, and testimony for its investigators. ... Hale testified in U.S. District Court that Gov. Bill Clinton pressured him to make a fraudulent $300,000 loan and that he not be named in the loan."
No comments:
Post a Comment