Chris Wade (real estate broker)


Christopher Wade is a retired real estate broker/owner of Ozarks Realty Company in Flippin, Arkansas. He was the real estate agent associated to the Clinton's Whitewater controversy in Arkansas.

Career

Wade was a real estate broker/owner of Ozarks Realty Company in Flippin, Arkansas. In 1974, Wade was Realtor of the Year in Arkansas.

Personal

Wade's father was Milton Wade, who started in real estate in the 1960s. In Feb 1971, the Wade family purchased the real estate company. Wade's ex wife Rosalee is currently the Principal Broker of Ozarks Realty Company.

Whitewater controversy

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.
On March 21, 1995, Wade pleaded guilty to two felony counts including bankruptcy fraud.
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.
On Jan 20, 2001, President Bill Clinton's last day in office as the President, Wade was pardoned for Bank fraud, false statements on a loan application. 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.