Friday, July 08, 2005

Cunningscam reveals more suspicious documents; weary public yells "Resign already!"

This tidbit in the North County Times reveals that Duke Cunningscam claims that he owned the boat that he sold (to a New York bid-rigger looking for a Presidential pardon) for over $600k. Also suspicious is the amount of money he got for the boat:

A salesman with San Diego-based Cabrillo Yacht Sales says that used flat-bottom boats such as the Kelly C, which Cunningham purchased in 1997 from another congressman for $200,000, typically lose their value over time, leading him to question the $627,000 sale price.

"It might be worth a couple hundred thousand, maybe ----- but probably not," yacht salesman Dan Peter said Thursday. However, he added that if the boat has expensive amenities, it could be worth more.

"I would say that what he sold it for is a gross overestimate of value," he said.

To analogize: Let's say I bought a Saturn in 2000 for $20,000, and sold it five years later for $60,000, wouldn't you say that was suspicious? Especially considering that the only way a used Saturn would appreciate in value is if there were drugs stuffed in the trunk.

(On Edit: There are no drugs stuffed in the trunk of my car. Stop looking, already!)

1 Comments:

At 12:27 PM, Anonymous Anonymous said...

It couldn't have been Duke Saturn. He never smoked marijuana. Great local posts. Words Have Power is now linked to North County Blues.

Keep up the good work.

http://whpsocal.blogspot.com

 

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