Wednesday, June 29, 2005

Trouble In The House

A federal grand jury has subpoenaed documents from Rep Randy "Duke" Cunningham (R-CA). Back in 2003, Rep Cunningham sold his house to defense contractor Mitchell Wade for $1.675 million dollars.

Mr Wade later sold the house and took a $700,000 loss. Rep Mitchell, meanwhile has been living rent-free on Mr Wade's yacht in DC.

Shortly after the house sale, Mr Wade's company suddenly saw millions in defense contracts come its way -- possibly through the influence of Rep Cunningham's post on the House Appropriations Committee.

The Pentagon has now stopped future dealings with Mr Wade's company. And Mr Wade has stepped aside as its head honcho. (WashPost)

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