Duke Cunningham, R-CA will not seek re-election following a federal raid on his house and office. The duke is accused of selling his house to government contractor Mitchell Wade for well over its value and living for free on Wades yacht in Washington, DC. Wade's share of the pentagon pie shot up dramatically after these transactions. Cunningham sits on the powerful House Appropriations Defense Subcommittee and the Permanent Select Committee on Intelligence.
Cunningham also says he will sell his current house and donate a portion of the proceeds to three charities. Sound to me like the duke is trying to get real liquid, real fast. May I suggest retirement in Belize?
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