Chris Wade (real estate broker)

For other people of the same name, see Chris Wade.

Christopher Wade is a former Whitewater real estate broker. He is retired, and his son Chris Wade, Jr. is the broker/owner of Ozarks Realty Company in Flippin, Arkansas.

Chris Wade was the real estate broker for Jim McDougal and Bill Clinton for the Whitewater Development Corporation. He sold the lots for the Clintons and McDougals. He ended up buying some of the land from them. In 1985, Jim McDougal traded the few remaining Whitewater lots to Wade for an airplane and the assumption of $35,000 in bank debt to 1st Ozark. The Clintons and McDougals were still personally obligated on the note. He came into front page national news as a result of the Whitewater investigations.

Chris Wade entered a guilty plea of one felony violation for making a false report to overvalue property influencing a Bank, S&L, or a federal agencies-bankruptcy fraud to the Whitewater special prosecutor, Kenneth Starr. He was sentenced to 15 months in prison for the loan fraud.

With just hours to go in his presidency, Bill Clinton issued a pardon to Chris Wade, which became part of the Bill Clinton pardons controversy.

References

CNN, All Politics, Arkansas Roots, April 12, 1999
Washington Post, Caught in the Whitewater Quagmire, August 28, 1995; Page A01
The Special Committee's Whitewater Report, Summary of the Evidence
CNN, All Politics, FBI agent traces money trail at McDougal trial, March 12, 1999

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