DECEMBER 29, 11:14 EST
Bank Sues Hubbell for Overdue Money
LITTLE ROCK, Ark. (AP) — Presidential friend Webster Hubbell has been sued by the Bank of Little Rock, which claims he owes at least $43,604 on a 1997 promissory note.
Frederick S. Wetzel III, attorney for Bank of Little Rock, said the money stems from a second mortgage on the Hubbells' Little Rock home.
The total owed by Hubbell and his wife, Suzanna, was calculated through Dec. 15, according to the lawsuit filed Monday in Pulaski County Circuit Court. Each day they fail to pay adds $11.95 in interest, the lawsuit said.
Hubbell, a former top Justice Department official, was indicted by a federal grand jury for a third time in November on charges that he covered up his and Hillary Rodham Clinton's roles in a fraudulent Arkansas real estate development deal. They were partners at the Rose Law Firm at the time.
The indictment accuses Hubbell of perjury before a congressional committee, fraud, false statements and impeding two federal regulatory agencies.
A federal judge in July threw out a 10-count tax-evasion indictment against Hubbell. Independent Counsel Kenneth Starr has appealed that dismissal.
Hubbell pleaded guilty to tax evasion and mail fraud in December 1994 after admitting to overbilling his clients at the Rose Law Firm. He served 19 months in prison before his release in February 1997.
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