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Whitewater Development Corporation was a failed business venture of
JamesJames B. "Jim" McDougal , a native of White County, Arkansas, and his wife, Susan McDougal , were financial partners with Bill Clinton and Hillary Rodham Clinton in the real estate venture that led to the Whitewater political scandal of the 1990s...
and
Susan McDougalSusan McDougal is one of the few people who served prison time as a result of the Whitewater controversy although fifteen individuals were convicted of various federal charges...
with
BillWilliam Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...
and
Hillary ClintonHillary Diane Rodham Clinton is the 67th United States Secretary of State, serving in the administration of President Barack Obama. She was a United States Senator for New York from 2001 to 2009. As the wife of the 42nd President of the United States, Bill Clinton, she was the First Lady of the...
. The business was incorporated on June 18, 1979, with the purpose of developing vacation properties on 230 acres (930,000 m²) of land along the
White RiverThe White River is a 722-mile long river that flows through the U.S. states of Arkansas and Missouri.-Course:The source of the White River is in the Boston Mountains of northwest Arkansas, in the Ozark-St. Francis National Forest southeast of Fayetteville...
near
Flippin, ArkansasFlippin is a city in Marion County, Arkansas, United States. The population was 1,357 at the 2000 census.-Geography:Flippin is located on a major non-interstate highway, US 412/62, in the Ozark Mountains near the South Shore of Bull Shoals Lake...
.