The Whitewater investigation concerned a 1978-1979 real-estate investment by Bill and Hillary Clinton in the Whitewater Development Corporation in Arkansas, linked to Madison Guaranty Savings and Loan run by James McDougal. Resolution Trust Corporation referrals in 1992 prompted independent counsel investigations: first under Robert Fiske (1994), then under Ken Starr from August 1994. The final report by Robert Ray in September 2000 found insufficient evidence to indict the Clintons. Susan and Jim McDougal and Arkansas Governor Jim Guy Tucker were convicted of unrelated fraud. The investigation's scope expanded dramatically into Monica Lewinsky, leading to Clinton's 1998 impeachment. The original Whitewater allegations against the Clintons are debunked; the surrounding political controversy is documented history.