He pleaded guilty to federal conspiracy charges related to Whitewater and was later pardoned by President Bill Clinton.
As a land appraiser he admitted to conspiring with Jim McDougal and others with Madison Guaranty savings association.
Kenneth Starr's investigators were also told that Palmer inflated estimates used to support loans made to Gov.
Madison records showed one appraisal was for a $1.05 million loan to Tucker and an associate to buy a water and sewer system for real estate development known as Castle Grande.
David Hale, former Arkansas municipal judge and banker, told investigators that a Palmer's appraisal and later loan for Etta's Place restaurant and two other lots for $825,000 from Madison helped shore up his finances.