May 28, 1996:
A federal jury in Arkansas finds Gov. Jim Guy Tucker guilty in a bank fraud case that is related to the Whitewater scandal.
Tucker, a Democrat who succeeded Bill Clinton after the latter was elected president, announces he will resign the governorship on July 15.
The verdict, along with similar guiilty verdicts against Clinton's former Whitewater business partners, James and Susan McDougal, is a victory for independent counsel Kenneth Starr.
But the White House points out that neither the president nor First Lady Hillary Clinton was charged nor implicated in any wrongdoing.
Gov. Tucker will be succeeded by Lt. Gov. Mike Huckabee, who has already won the GOP Senate nomination for the seat being vacated by retiring Democrat David Pryor. Huckabee says he will give up his Senate bid, which he was favored to win, to assume the governorship. Republicans will later nominate as their Senate candidate Rep. Tim Hutchinson, who will win the seat in November.
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