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The Whitewater Development Corporation
was a failed business venture of James
James 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 McDougal
Susan 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...
William 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 Clinton
Hillary 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 River
The 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, Arkansas
Flippin 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...