ICANN board approves settlement, price hikes

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"The settlement includes VeriSign's agreement to hand over to ICANN an annual sum of $6 million to $12 million."

http://www.cnn.com/2005/POLITICS/11/28/cunningham/

"Rep. Randy "Duke" Cunningham said Monday he is resigning from Congress after pleading guilty to taking more than $2 million in bribes in a criminal conspiracy involving at least three defense contractors."

"Cunningham's plea agreement with federal prosecutors stemmed from an investigation of the 2003 sale of his California home to a defense contractor for an inflated price."

"'The citizens who elected Cunningham assumed that he would do his best for them,' said U.S. Attorney Carol Lam. 'Instead, he did the worst thing an elected official can do -- he enriched himself through his position and violated the trust of those who put him there.'

"Cunningham, 63, sold his San Diego-area house in 2003 for $1.6 million to defense contractor Mitchell Wade, who then sold it for $700,000 less.

"The transactions sparked allegations that the contractor had bought the house at the higher price as payback for Cunningham's pressing the Pentagon to award contracts to the defense contractor."

Posted by: Nigel Johnstone   Posted on: 03/01/06 You are currently: a Guest | Members login | Terms of Use

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