Defrauding America: Encyclopedia of Secret Operations by the CIA, DEA, and Other Covert Agencies, Vol. One (Book # 2 of 30 in Defrauding America series.)

by Rodney Stich

Arkansas Development Finance Authority (ADFA) ADFA was promoted by Governor Bill Clinton as providing low-interest loans for schools, churches, and other noble purposes, and passed by the Arkansas legislature in 1985. Clinton had control of who received loans from ADFA. The first five loans went to Clinton’s friends and associates, including Park On Meter (POM), a company partly owned by Webster Hubbell, a Rose Law Firm partner and later de facto head of the U.S. Department of Justice. That $2.85 million loan was never repaid, and the records of loans and payment schedule were kept from the public. There was no noticeable improvement in the POM plant to show where the money was used that was to fund that purpose. POM was involved in secretly manufacturing weapon parts for the CIA’s unlawful arms shipments to Central America.