Saturday, July 02, 2005

Agents Search Homes, Yacht Of Contractor, Congressma

Agents from the FBI, Internal Revenue Service and Defense Criminal Investigative Service of the Pentagon inspector general's office participated in the search of Cunningham's house near San Diego, as well as the Washington home, office and boat of Mitchell J. Wade. Wade was until recently the chief executive of MZM Inc., which does intelligence work for the Pentagon.
[Representative Randy "Duke"] Cunningham, a California Republican who was a fighter pilot in Vietnam and an instructor at the Navy's Top Gun school, is a member of the House Intelligence Committee and defense appropriations subcommittee.
The investigation began three weeks ago after news reports that Wade had purchased Cunningham's home in late 2003 for $1.675 million and then sold it months later at a $700,000 loss. Cunningham also was living rent-free on Wade's 42-foot yacht at the Capital Yacht Club on the Potomac River. But he has not stayed on the yacht for about two weeks, according to a source close to the congressman.

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