Whitewater Trials and Impeachment of a President: 1994-99

In November, with the appeal pending on the "fishing expedition" ruling against him, Starr obtained a third indictment against Webster Hubbell. This time, citing 15 counts of fraud and perjury, Starr alleged that the lawyer had lied to Congress and to federal banking regulators about a complex real estate deal called Castle Grande and the role he and Mrs. Clinton had played in it. According to the indictment, Hubbell helped the Rose Law Firm obtain profitable legal work from the federal government. It also alleged that he helped conceal from regulators the fact that Castle Grande—an industrial and trailer park development built on 1,100 acres near Little Rock—was created from illegal sales of land and phony loans aimed at enriching the insiders at Madison Guaranty. According to the indictment, Hubbell committed perjury in telling regulators that he had not worked on Castle Grande business and in testifying before a hearing of the House Banking Committee on August 10, 1995, that he didn't know what work the Rose Law Firm did for Madison Guaranty. Said Hubbell to reporters, "I do not know of any wrongdoing on behalf of the First Lady and President, and nothing the independent counsel can do to me is going to make me lie about them."