Just another corrupt politician

The U.S. Attorney’s Office has filed a secret lawsuit against Rep. Randy "Duke" Cunningham that contends he should forfeit his Rancho Santa Fe home [in San Diego] to the government because it was purchased with illegally obtained money.

And right behind them no doubt will be the IRS.

Cunningham’s troubles started with another home sale in 2003. He sold his Del Mar-area home to defense contractor Mitchell Wade for $1.675 million. Wade, who put it back on the market shortly after he bought it, sold it at a $700,000 loss.

Cunningham also lived on Wade’s yacht, the Duke-Stir, while in Washington, D.C.

Wade’s company, MZM Inc., a Washington, D.C.-based company that was sold yesterday for an undisclosed sum, has received $163 million in defense contracts since 2002.

Sue, who is a forensic accountant says, don’t try to play hide the money with real estate deals because the paper trails are enormous and obvious. To do so is really really dumb.

Comments are closed.

Powered by WordPress. Designed by WooThemes