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James Bert McDougal
James Bert McDougal
  • Born 25 August 1940 - White Co., AR
  • Deceased 8 March 1998 - Fort Worth, Tarrant Co., TX,aged 57 years old
  • Banker
1 file available 1 file available




 Paternal grand-parents, uncles and aunts

 Maternal grand-parents, uncles and aunts


Individual Note

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He and his wife were financial partners with Bill and Hillary 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 Association.

On April 14, 1997, he was convicted of 18 felony counts of fraud and conspiracy charges. The counts had to do with bad loans made by Madison in the late 1980s. As his savings and loan was federally insured, the $68 million was paid by taxpayers. During the case, special prosecutor Kenneth Starr requested a reduced sentence because of McDougal's assistance in the investigation.

He joined with his wife, who later divorced him, and the Clintons to borrow $203,000 to buy land in the Ozark Mountains for vacation homes. When the development failed, he attempted to cover the losses with savings-and-loan funds. Prosecuted for fraud in 1984, he hired the Rose Law Firm, which had Hillary Clinton as a partner, to defend him.

  Photos and archival records

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 Family Tree Preview

                                                                             _____|16_Aaron Christopher McDougal 1815-1856
                                                   _____|8_Aaron McDougal 1847-1913
                                                  /                         ¯¯¯¯¯|17_Mariah Gifford 1823-1898
                         _____|4_James Edgar McDougal 1875
                        /                        \                          _____|18_Henry Dossett 1805-1861
                       /                          ¯¯¯¯¯|9_Mariah Louise Dossett 1844-
                      /                                                     ¯¯¯¯¯|19_Betsy Thompson 1820
|2_Leo Mason McDougal 1908-1984
|                      \
|                       ¯¯¯¯¯|5_Emma Mason 1878
|--1_James Bert McDougal 1940-1998
|                                                  _____|12_Jesse Pervis
|                                                 /
|                       _____|6_John William Pervis 1880-
|                      /                        \
|                     /                          ¯¯¯¯¯|13_Martha Hall
|3_Lorene Pervis 1913-1993
                         ¯¯¯¯¯|7_Annie Emma Walker