WHITEWATER FIGURE INDICTED
A grand jury investigating the Whitewater affair today charged a former Arkansas bank president with failing to report more than $50,000 in cash withdrawals by President Clinton's 1990 gubernatorial campaign. Neal Ainley, former president of Perry County Bank in Arkansas, faces five felony counts for not reporting the transactions to the IRS and federal bank regulators, as required by law. The indictment does not include any charges against the campaign, whose treasurer was Bruce Lindsey, now a top White House aide. It also does not indicate why Ainley would have wanted to conceal the withdrawals. "It reminds us that Whitewater is by no means dead," says TIME Washington correspondent Suneel Ratan. If convicted on all charges, Ainley would face a maximum of 40 years in prison and $1.75 million in fines.
Most Popular »
- How Cash Keeps Poor People Poor
- E.T. Turns 30: 10 Things You Didn't Know About Our Favorite Extraterrestrial
- 15-Year-Old Creates Test for Pancreatic Cancer
- Fourth Flesh-Eating-Bacteria Case Confirmed in Georgia, Possible Fifth
- No Spontanaeity Allowed: How to Visit North Korea as a Tourist in Four (Restrictive) Steps
- Nevada Ghosts: Rare Photos From an A-Bomb Test
- A New First Amendment Right: Videotaping The Police
- Euro Crisis: Why A Greek Exit Could Be Much Worse Than Expected
- 10 Dangerous Products You Might Have in Your Home
- Could a Fertility Gene Discovery Lead to New Male Contraception?
- Researchers Probe the Potential Health Benefits of Palm Oil
- A Visit with Turkey's Controversial Religious Movement
- Feeding the Planet Without Destroying It
- Bubble on the Potomac
- Falcon's Liftoff: How a Private Firm Could Change Space Exploration
- The Fatal Flight of the Superjet 100: Why Did It Slam Into a Mountain?
- Learning That Works
- The Man Who Remade Motherhood
- Bibi's Choice
- Seoul: 10 Things to Do
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
