Letter to House Ethics Committee Urging Investigation of Representative "Duke" Cunningham
Dear Chairman Hastings and Ranking Member Mollohan:
Common Cause calls on the House Standards of Official Conduct Committee to initiate an investigation to determine whether Representative Randy "Duke" Cunningham (R-CA) violated the House ethics rules by receiving personal compensation from a defense contractor in return for his influence in Congress.
According to published reports, Representative Cunningham sold his home in the Del Mar area of California to Mitchell Wade, the president of MZM, Inc. in 2003 for $1.6 million. Wade sold the house less than a year later for $975,000, taking a loss of nearly $700,000. Independent real estate agents have publicly stated that the $1.6 million price was well above fair market value for the house, and the significant loss realized by Wade at the sale of the house appears to confirm this.
Read the Letter (PDF)