Karl Rove isn't resigning. But another Republican who's been dogged by ethical problems has decided to call it quits.
U.S. Rep. Randy "Duke" Cunningham, R-Calif., announced today that he won't seek reelection to the House of Representatives when his current term expires in 2007. Cunningham is under suspicion of trading access for assets with his friend Mitchell J. Wade, the founder of a defense firm called MZM Inc., which did $65.5 million worth of intelligence-related defense work in 2004, according to the Associated Press.
In 2003, the San Diego-area congressman sold his home in Del Mar to Wade for $1.675 million. The next year, Wade resold the home for a $700,000 loss, which caught the eye of federal prosecutors. Wade is also alleged to have been living -- if not for free than at a less-than-market rate -- on a yacht owned by Wade and dubbed "the Duke Stir."
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