(Brent) Wilkes' home to go on auction block

[babylonsister]

http://www.nctimes.com/articles/2007/04/14/news/sandiego/5_02_484_13_07.txt

Wilkes' home to go on auction block

By: WILLIAM FINN BENNETT - Staff Writer

NORTH COUNTY -- The woes of troubled defense contractor Brent Wilkes continued to mount this week with the announcement that his home in a gated Poway community was going on the auction block.

The announcement follows his February indictment for alleged acts of corruption connected to the bribery scandal involving former U.S. Rep. Randy "Duke" Cunningham.

Wilkes recently defaulted on a $600,000-plus loan on his 5,325-square-foot home and now, according to an advertisement published this week in the Poway News Chieftain, lender Merrill Lynch Business Financial Services is auctioning the property "as is" to the highest bidder on May 2.

The man who once headed a multimillion-dollar defense company and flew around the country on a corporate jet has had a lot of bad news of late. In February, a federal grand jury in San Diego indicted Wilkes in two separate but related cases.

In one, he was charged with bribing Cunningham to win lucrative defense contracts in exchange for lavish vacations, money and evenings with prostitutes. In that indictment, Wilkes faces 25 criminal charges, including 17 counts of fraud, three counts of laundering more than $12 million, one count of bribery, one count of bribing a public official and three counts of unlawful monetary transactions.

A separate indictment charges Wilkes and the CIA's former No. 3 man, Kyle "Dusty" Foggo, with fraud, conspiracy and illegal money transfers -- charges that stem from the same investigation that sent Cunningham to federal prison in early 2006 for eight years and four months.

more...

[notadmblnd]

1. gee that's too bad.....

wait.. what's that music I hear playing? Oh, I know :nopity:

[formercia]

2. Awww..

Couldn't happen to a better guy.

[acmavm]

3. He can always look on the bright side, he might not be homeless

for long.

Not if the jury does its job.