Madison Guaranty

Madison Guaranty was a Little Rock, Arkansas financial trust company.

Starting in 1982 and operated by Jim McDougal-Susan McDougal Madison Guaranty Savings and Loan failed in the late 1980s. On April 14, 1997, Jim McDougal was convicted of 18 felony counts of fraud conspiracy charges. The counts had to do with bad loans made by Madison S&L. This S&L was partnered with Whitewater Development Corporation, the subject of Whitewater probe and owned, in part, by Bill and Hillary Clinton.

Madison Guaranty and McDougal hired Rose Law Firm where the Mrs. Clinton worked as a defense attorney. Mrs. Clinton's Rose Law Firm billing records on Madison Guaranty and McDougal's Castle Grande project that Hillary called IDC - Industrial Development Corporation. How much work she actually did on Madison and Castle Grande was the subject of the missing billing records. McDougal also held a fundraiser at Madison Guaranty that paid off Clinton's campaign debt of $50,000. Madison cashier's checks accounted for $12,000 of the funds raised.

Read more about Madison GuarantyMadison Employees in The Starr Report, References and External Links

Other articles related to "madison guaranty, madison":

Madison Guaranty - References and External Links
... In The Whitewater Net, May 19, 1998 "Appraiser on Madison Loans in Plea Accord" NY Times, By STEPHEN LABATON, Published December 6, 1994 "Hillary Clinton and the Whitewater Controversy A Close-Up ...
John Latham (Whitewater)
... John Latham is a former CEO of Madison Guaranty that came into front page national news as a result of the Whitewater investigations ... Madison Guaranty was owned and operated by James and Susan McDougal ... Richard Massey, a friend of Latham, helped connect Madison Guaranty and the Rose Law Firm to help with legal matters ...
Robert W. Palmer
... Palmer is a former Madison Guaranty land appraiser and pleaded guilty to federal conspiracy charges related to Whitewater ... As a land appraiser he admitted to conspiring with Jim McDougal and others with Madison Guaranty savings association ... The false land appraisals made Madison Guaranty's books look better than they were ...
Whitewater Controversy - History - Subpoena of The Presidential Couple
... an Arkansas businessman, David Hale, to make a loan that would benefit him and the owners of Madison Guaranty and 2) that an Arkansas bank had concealed transactions ... and his wife for all documents relating to Madison Guaranty, with a deadline of 30 days ... cleared of all wrongdoing in two reports prepared by the San Francisco law firm of Pillsbury, Madison Sutro for the Resolution Trust Corporation, which was overseeing the ...

Famous quotes containing the word madison:

    If men were angels, no government would be necessary.
    —James Madison (1751–1836)