Now for the link, she billed for fraud and confessed in court.
Here you are stating that Hillary is innocent, and you haven't even tried to catch up on her actual record...
Castle Grande - Wikipedia
Castle Grande was a real estate development in
Arkansas about 10 minutes south of Little Rock. It came into National news as a result of the
Whitewaterinvestigations. The project was a 1,050-acre (4.2 km2) lot where
Jim McDougal hoped to build a
microbrewery, shopping center, a trailer park and other future projects in 1985. The land was scrub pine forerst that had failed already as an industrial development. The sales price was $1.75 million. State regulations prohibited Jim McDougal from investing more than 6% of his
Madison Guaranty S&L assets. So, he put in $600,000 of Madison money and then for the difference had Seth Ward put in the remaining $1.15 million. This money Ward borrowed from Madison Guaranty on non-recourse, no personal obligation to repay. If federal regulators found out, McDougal's S&L could be shut down, since it had already been operating under orders to correct its lending practices.
Ms. Clinton has said she did not work on the Castle Grande project, when questioned by two separate federal agencies and part of the
Hillary Clinton and Whitewater probe "I don't believe I knew anything about any of these real estate parcels and projects. . . . " she said in an
RTC interview in May 1995.
But later Rose Law Firm billing records were discovered in the book room family quarters of the White House. Ms. Clinton said she has no idea how they got there.
And I did not know that there was something called Castle Grande, to the best of my recollection, until it came to my attention through these investigations, the entire thousand acres that we referred to as IDC was being called Castle Grande . . ." "I was informed sometime within the last year or two that there was a trailer park on the IDC property called Castle Grande Estates. To the best of my recollection, that was the first I had ever heard of Castle Grande Estates."
She also claimed that she could not remember her work on the project nor 15 conversations with Hubbell’s father-in-law, Seth Ward.
The Special Committee's Whitewater Report
:
Mrs. Clinton's legal work on Castle Grande related to an effort to conceal the true nature of the activities at Madison Guaranty.
The Castle Grande land development consisted of more than 1,000 acres of property near Little Rock purchased by Seth Ward, Webster Hubbell's father-in-law, and Madison Financial Corp. ("MFC") -- Madison Guaranty's wholly-owned subsidiary.7 The land was sold in a series of transactions that caused nearly $4 million in losses to Madison Guaranty -- losses ultimately borne by U.S. taxpayers.8
Federal regulators have determined that Seth Ward acted as a "straw" man in the fraudulent Castle Grande transaction who simply held property in his name until MFC could find a buyer.9 In this way, Madison Guaranty was able to circumvent an Arkansas regulation that limited investment in real estate by a savings and loan.10 For his part in this sham deal, Mr. Ward earned over $300,000 in commissions on the sale of property.11
Prior to the discovery of the Rose Law Firm billing records in the White House Residence, the nature and extent of Mrs. Clinton's work on Castle Grande was virtually unknown. The evidence obtained in the course of the Special Committee's investigation now establishes that Mrs. Clinton had direct and substantial involvement in Castle Grande.
Webster Hubbell was significantly more involved in Castle Grande than he admitted in his Senate testimony.
Former Associate Attorney General and former Rose Law Firm partner Webster Hubbell has testified before the Special Committee and in other fora on several occasions. With respect to his testimony regarding his involvement in Castle Grande, Mr. Hubbell altered his story when he learned that Seth Ward was a nominee purchaser for MFC. In a December 1995 with the RTC, Mr. Hubbell stated that he understood as of September 1985, from Mr. Ward, that "Madison had limits on what it could own in its own name, and so Mr. Ward was going to own part of it until it could be sold."37
And, in an interview with the RTC Office of Inspector General, Mr. Hubbell "said that Ward told him that he was negotiating on behalf of Madison to buy the IDC property, which would then be split up between Madison and Ward."38 In testimony before the Special Committee, however, Mr. Hubbell repeatedly testified that he was not aware of the deal between Madison and Ward until after the closing in early October 1985.39
Mr. Hubbell was reluctant to answer questions regarding his own view of the legality of his father-in-law's role in the purchase of the IDC property. When asked if Mr. McDougal used Mr. Ward to evade a regulatory restriction, Mr. Hubbell answered, "I have never represented an S&L. I don't know whether it's illegal or not."40 When he was asked if he considered this transaction as a classic parking or warehousing transaction, Mr. Hubbell answered, "I think of parking and warehousing a little bit differently."41 When asked if he thought Mr. Ward could be considered a "straw man," Mr. Hubbell testified, "I didn't give it any consideration, you know. 'Straw man' means, to me, somebody who you clear title through."42
Mr. Hubbell has denied advising Mr. Ward on the Castle Grande transaction.43 Specifically, he denied preparing a backdated September 24, 1985 letter or advising Mr. Ward on its preparation.44 There is evidence, however, that Mr. Hubbell may have prepared the backdated September 24, 1985 letter, which was found in his files at the Rose Law Firm.45 Martha Patton, Mr. Hubbell's secretary at Rose, has stated that although she does not recall typing the letter she believes that she did because the type is similar to that of the IBM typewriter that she used then, and the second page of the document is formatted in the style she used while a Rose secretary.46 She added that the letter appears to be "her style of typing."47