July 01, 2005

Feds Swarm Defense Contractor MZM

From the subscription-only Roll Call:

Federal agents on Friday searched the offices of a defense contractor tied to Rep. Duke Cunningham (R-Calif.) as well as the boat Cunningham lived on for more than a year, the latest sign of a growing investigation into the relationship between Cunningham and Mitchell Wade, founder of MZM Inc.

A federal task force that includes officials from the U.S. Attorney’s offices in both Washington, D.C, and San Diego, the FBI, Internal Revenue Service and Defense Criminal Investigative Service conducted the searches, according to Debbie Weierman, a spokeswoman for the FBI’s Washington office. ...

I guess when the head of a company handling $60 million in defense contracts buys a congressman's house at a loss of $700,000, people notice.

Posted by natasha at July 1, 2005 05:39 PM | Corruption & Graft | TrackBack(1) | Technorati links |