Contractor Pleads Guilty in Congressional Bribery Case:

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Mitchell Wade, the head of the Washington firm MZM, Inc., pleaded guilty “to his role in lavishing more than $1 million in gifts on a California congressman,” according to the Associated Press. That congressman, Duke Cunningham, resigned from Congress after pleading guilty to accepting $2.4 million in bribes from Wade and the San Diego defense contractor Brent Wilkes. Wade’s bribes to Cunningham included purchasing the congressman’s house at a price inflated by $700,000 and buying him a $140,000 yacht, nicknamed the ‘Dukestir’. Wilkes and the other co-conspirators – Thomas Kontogiannis and John T. Michael – have yet to plead in the case.