Monday, November 28, 2005

Ownership

What does it cost to own a US Congressman? Here is a sample of the Duke's gifts of grafts. From Fox.com:

It is "clear from the facts that this was a crime of magnificent and extraordinary audacity," said U.S. Attorney Carol Lam.

The case started earlier this year when Cunningham and his wife, Nancy, were accused of using the proceeds from the $1,675,000 sale of his home in Del Mar home to buy a $2.55 million mansion in ritzy Rancho Santa Fe. Cunningham then had the capital gains tax on the property paid by his conspirators.

Though no others were named, in prior reporting, defense contractor Mitchell Wade was said to have bought the Del Mar, and then sold it nearly a year later for a loss of $700,000.

Lam said Cunningham also was given money for a yacht, a party for his daughter's graduation, rugs, antiques, furniture and a Rolls Royce as well as travel expenses for his wife and a payment of more than $500,000 to pay the mortgage in the Rancho Sante Fe home.

All in all, it summed up to about $2.4 million.

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