WP; Pentagon Ends New Work On D.C. Firm's Contract (MZM & Cunningham)

[maddezmom]

MZM to Name New CEO as Relationship With Congressman Is Under Investigation

By Renae Merle and R. Jeffrey Smith
Washington Post Staff Writers
Tuesday, June 28, 2005; Page D01

The Pentagon has ordered a halt in new work for MZM Inc., a local defense and intelligence firm, under a contract that has brought the company $163 million in revenue during the past 2 1/2 years.

A Pentagon spokesman said in a statement that the decision to cut off further awards for MZM under the 2002 contract, known as blanket purchase agreement, was because of a change in procurement law.


Rep. Randy "Duke" Cunningham (R-Calif.), a member of the House defense appropriations subcommittee, acknowledged last week that his relationship with MZM founder Mitchell J. Wade is being examined by federal authorities.


News reports earlier this month disclosed that Wade, MZM's founder and president, bought Cunningham's California home for $1.675 million in late 2003 and then sold it at a $700,000 loss. Cunningham also has been living on Mitchell's 42-foot yacht on the Potomac while in Washington. Cunningham said last week that he exercised "poor judgment" in the relationship, but he denied doing anything improper.

more: http://www.washingtonpost.com/wp-dyn/content/article/2005/06/27/AR2005062701856.html

[Moderator]

1. Kick

Kick

[lovuian]

2. D.C. contractor's Pentagon deal ended

http://feeds.bignewsnetwork.com/?sid=332c9026cd9c0674

Big News Network.com Tuesday 28th June, 2005 (UPI)

The Pentagon has suspended its contracts with a D.C. defense contractor as the relationship between its head and a U.S. congressman is investigated.

MZM Inc., which has done some $163 million in work for the Department of Defense over the last 2 1/2 years, cannot do new work for the Pentagon although the department said the decision was not related to the investigation, The Washington Post reported Tuesday.

U.S. Rep. Randy Cunningham, R-Calif., last week confirmed that his relationship with MZM Chief Executive Officer Mitchell J. Wade was being investigated. Cunningham sold Wade a house for $1.675 million in late 2003. Wade resold the house at a $700,000 loss some time later, the Post said. The newspaper also said Cunningham was living on Wade's yacht moored on the Potomac River.

more...

Living on a yacht supplied by Defense Contractor SWEET!!!

[Pirate Smile]

3. Who are the crooks we need to include in the 2006 commercials?

Delay, Cunningham, all Ohio Republican politicians, hopefully the Plame leaker is known, ......

[nadinbrzezinski]

4. mebbe the Duke will go down with a thud

somebody take a photo of his home, we can send it to his jail cell after the conviction

[AlCzervik]

5. oh snap! Cunningham is already an embrrassment

and now maybe a criminal to boot.