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Secret military spending gets little oversight-(R)Rep Cunningham bribed?

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-09-05 12:01 PM
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Secret military spending gets little oversight-(R)Rep Cunningham bribed?
military spending as in the explosive growth of one Pentagon consulting firm has Rep. Randy Cunningham (R-CA) smelling less than rosy.

http://www.usatoday.com/news/washington/2005-11-08-pentagon-spending_x.htm

Secret military spending gets little oversight
By Matt Kelley and Jim Drinkard, USA TODAY

WASHINGTON — It took more than a decade for Mitchell Wade to turn his company, MZM Inc., from a small-time Pentagon consulting firm into a booming business that had nearly $200 million in government contracts.

Earlier this year, it took just a few months for it to fall apart. In June, the Pentagon revoked MZM's biggest contract, which had brought in more than $160 million in work for the company.

Wade also stepped down as the company's leader and sold its assets to a private equity firm after reports surfaced earlier in June of Wade's allegedly inflated purchase of a home owned by Rep. Randy Cunningham, R-Calif.

The rise and fall of MZM opened a window into the world of classified Pentagon spending and how Congress monitors it. Each year, billions of dollars are spent on classified projects that have little, if any, public oversight.<snip>

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