SAN DIEGO, Nov. 28 (UPI) -- U.S. Rep. Randy "Duke" Cunningham, R-Calif., pleaded guilty Monday to tax evasion and conspiracy charges involving bribes from military contractors.
After his court appearance, a tearful Cunningham told reporters he was resigning from Congress. He announced this summer he would not seek a ninth term.
"I forfeited my freedom, my reputation, my worldly possessions, and, most importantly, the trust of my friends and family," he said.
Cunningham faces up to 10 years in prison when he is sentenced Feb. 27, the New York Times said.
A Navy pilot during the Vietnam War, Cunningham was wounded in action and awarded the Navy Cross.
The case against him centered on the sale of Southern his California house for $1.67 million to defense contractor Mitchell Wade, who sold it eight months later at a $700,000 loss. Prosecutors charge the sale was a bribe, as was Cunningham's living rent-free in Washington on Wade's yacht.
"This offense is just the latest example of the culture of corruption that pervades the Republican-controlled Congress, which ignores the needs of the American people to serve wealthy special interests and their cronies," House Minority Leader Nancy Pelosi, D-Calif., said in a statement.