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The brand new finance had been matched up andbacked because of the Home business Government. Ward banged in the remaining $1.15 million, money he lent of McDougal’sS&L. Somewhat, the newest Madison loan in order to Ward is actually low-recourse — that’s,he previously no personal responsibility to settle it. In the 1996, the newest independent the advice received the first Whitewater convictions ofits four-year research. Jim Mcdougal and you can Arkansas Governor Jim Son Tuckerwere found guilty for the numerous counts of financial fraud myself related to theCastle Grande deal.
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