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 Chris Wade for an air 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 fraud.
- 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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