Thursday, June 16, 2005
More on "CunningScam
In todays edition of the North County Times we learn that although Randy "Duke" Cunningham, congressmoop from Escondido, lives on the 42 ft yacht "Duke Stir", it is really owned MZM President Mitchell J. Wade. As we all remember, Wade was the kindly gent who bought Dukes' house for $1.675M only to lose $875K on its sale a year later, in a rising real estate market. Do not cry for Mr Wade, his company has received millions in defense contracts since his kind gesture. And now we find him helpng poor Duke in DC.
Maybe Barnum was right about this country.
A defense contractor whose real estate dealings with Rep. Randy "Duke" Cunningham have raised ethical questions has another connection to Cunningham: He owns a boat docked at a Washington yacht club ---- a boat on which Cunningham stays while working in the Capitol.Hiding it all in plain view.
Cunningham, R-Escondido, sits on the House Appropriations Committee, which has awarded millions of dollars to the contractor, Washington-based MZM Inc.
The relationship between Cunningham and MZM President Mitchell J. Wade came under scrutiny earlier this week when news surfaced that another company controlled by Wade purchased Cunningham's Del Mar home in 2003 and later sold it for a $700,000 loss.
Upon learning of the transaction, some experts on government ethics questioned the real estate deal and the relationship between the contractor and the congressman.
Now, another connection between Cunningham and Wade is raising questions ---- a boat owned by Wade and occupied at least part-time by Cunningham.
Maybe Barnum was right about this country.
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