Firm Tied to Convict Aided Rep. Cunningham: "By SETH HETTENA | The Associated Press | Saturday, July 9, 2005; 12:08 AM
SAN DIEGO -- A company linked to a New York businessman who was convicted in a bid-rigging scheme helped Rep. Randy 'Duke' Cunningham finance his Arlington, Va., condominium, court records show.
Coastal Capital financed the $150,000 mortgage on Cunningham's two-bedroom condominium, according to records on file with the Arlington, Va., Circuit Court. In 2003, Coastal Capital financed $1.1 million in mortgages toward the purchase of Cunningham's seven-bath home in Rancho Santa Fe.
Coastal Capital is run by the nephew and daughter of Thomas T. Kontogiannis, a Long Island developer who pleaded guilty in October 2002 in a bid-rigging, bribe and kickback scheme involving New York City school computer contracts worth millions of dollars.
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