Friday, June 17, 2005

This Guy Needs a New Place to Stay.......JAIL

SAN DIEGO — Rep. Randy "Duke" Cunningham (R-San Diego) promised Thursday to produce financial records to prove that he has done nothing inappropriate by living aboard a yacht owned by the executive of a defense firm that he has supported in its bid to win government contracts.

Though declining to be interviewed, Cunningham issued a statement from his Washington office: "I am putting information and records together so that you will know how much I pay to stay there and you will see that everything we've done is appropriate."

The statement was issued in response to a story in the North County Times, a newspaper in Cunningham's district, reporting that Cunningham lives aboard a yacht owned by Mitchell J. Wade, president and chief executive of MZM Inc., while in Washington.

The 42-foot yacht is docked at a yacht club on the Potomac River at a boat slip rented by Cunningham. His own boat is being repaired.

Cunningham's real estate dealings with Wade have become a matter of contention along partisan lines. Wade bought Cunningham's home in the upscale Del Mar Heights section of San Diego in November 2003 for $1,675,000.

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