Financial disclosure forms filed by U.S. Rep. Randy "Duke" Cunningham with the clerk of the U.S. House of Representatives from 1999 through this year do not indicate extensive personal wealth or ownership of major assets.
The reports also show that Cunningham has taken six free trips in that timeframe.
Cunningham has come under fire for his relationship with defense contractor Mitchell Wade of Washington, whose company, MZM Inc., has seen its government contracts leap in the last couple of years.
Wade purchased a home from Cunningham in late 2003 and sold it 11 months later for $700,000 less than what he had paid the congressman. The FBI and the U.S. attorney's office are reportedly investigating the transaction and the relationship between the two men.
On Thursday, Cunningham said he has done nothing wrong and that he welcomed inquiries into his dealings with Wade.
Under the Ethics in Government Act, members of Congress are required to file financial disclosure reports each year. The reports are kept on file for six years in an office across the street from the U.S. Capitol building.
Cunningham's most recent report filed in May shows interest earnings from nine bank accounts that augment the $162,100 annual salary he earns in congressional pay. At best, Cunningham's interest income in the most recent reporting period was $63,000, according to his disclosure form.
The form also reported a range of income from dividends in a company he owns, and notes that Cunningham's wife, Nancy, has income from jobs as a chief of staff to an official in the U.S. Department of Education and from a position with the Encinitas Union School District.
The form shows that Cunningham does not hold any blind trust or have any other unearned income or liabilities.
In his 2004 form, the 63-year-old lawmaker did not report the real estate transaction between he and Wade, nor the purchase of his $2.6 million home in Rancho Santa Fe. The assets portion of the financial disclosure requirements does not mandate reporting details of a representative's personal residence.
His reports for the years prior to 2004 do not show any major assets or earnings outside of his congressional salary.
Top Gun
Cunningham's largest source of outside income, according to his report, is derived from Top Gun Enterprises Inc., a company he solely owns that was created to market his book, "Fox Two."
In addition to the book, which sells through the Web site for $25, Top Gun Enterprises sells a lithograph featuring Cunningham in his flight suit while he served in the U.S. Navy. Cunningham was a Top Gun flight school instructor at Miramar Marine Corps Air Station at the end of his 21-year Navy career.
The most expensive item offered is a "Randy 'Duke' Cunningham Fighter Ace Kalinga Style Buck Knife." A description states that 1,000 of the knives were manufactured exclusively for Cunningham and include the official seal of the U.S. Congress. The knife sells for $595.
In his May report, Cunningham placed the value of Top Gun Enterprises at between $500,000 and $1 million and said his income in the preceding 12 months from the filing ranged between $15,000 and $50,000.
The reports filed in 1999 through 2003 put his earnings from Top Gun at between $5,000 and $15,000 each of those years.
In addition to his congressional salary, profits from Top Gun Enterprises and bank account interest earnings, Cunningham is entitled to a pension from his Navy career.
A U.S. Defense Finance and Accounting Service said a retired U.S. Navy commander who was in the service between 1966 and 1987 as Cunningham was would draw a monthly pension of $1,901 per month.
Travel records
In the travel portion of his 2005 report, Cunningham reported two trips from Washington to Saudi Arabia with return trips to San Diego. The first trip was between April 3-8, 2003, the second between Dec. 9 and Dec.14.
The person who paid for the trips was Ziyad Abduljawad, founder and chairman of PLC Land Co., a San Diego real estate company. For each trip, Abduljawad shelled out more than $10,000 to pay for Cunningham's plane ticket and lodging and food.
A Cunningham spokesman said earlier this year that Abduljawad and Cunningham have met several times to discuss relations between Saudi Arabia and the United States.
Besides paying for Cunningham's travel, Abduljawad gave $2,000 to the congressman's 2004 re-election campaign.
In April of this year, a Washington watchdog group, Political Money Line, placed the value of Cunningham's six free trips since 2000 at $25,572. Besides the two journeys to Saudi Arabia, Cunningham accepted free travel in that period to three speaking engagements and one trip to an energy conference.
Political Money Line ranked Cunningham 238th in the ranking of 618 current and former members of the House and Senate who have accepted free trips since 2000.
Contact staff writer Mark Walker at (760) 740-3529 or mlwalker@nctimes.com.
Posted in Local on Sunday, June 26, 2005 12:00 am
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