March 5, 2006

Pricing Politicians

Alex Tabarrok:
Prosecutors call it a corruption case with no parallel in the long history of the U.S. Congress. And it keeps getting worse. Convicted Rep. Randall "Duke" Cunningham actually priced the illegal services he provided.

Prices came in the form of a "bribe menu" that detailed how much it would cost contractors to essentially order multimillion-dollar government contracts...the California Republican's "bribery menu"... shows an escalating scale for bribes, starting at $140,000 and a luxury yacht for a $16 million Defense Department contract. Each additional $1 million in contract value required a $50,000 bribe.

The rate dropped to $25,000 per additional million once the contract went above $20 million.
Posted by James Zellmer at March 5, 2006 3:44 PM | Subscribe to this site via RSS:
Posted to Current Events | Politics