It's an embarrassing fall for Dunne who, as Parliament's self-appointed head prefect, regularly released misbehaviour scorecards on MPs he believed fell short of ethical parliamentary behaviour.
Peters already had the Government and Dunne on the defensive, claiming Dunne had leaked confidential Cabinet material to the press. Only Peters can make an innocent man look guilty and, until Friday, I assumed Peters was only making mischief.
But as the days went on, Dunne looked evasive and shifty. The growing scuttlebutt was about whether there was merit to Peters' accusations after all.
On Friday, Dunne's world fell apart. The inquiry into the leak pointed to Dunne's guilt after he refused to hand over his emails to a reporter.
Key's understatement - "I want to believe him but ... " - summarises the situation perfectly.
If Key thinks having Dunne gone from Cabinet ends the matter, he's kidding himself. The leak was about a security issue and that's a criminal matter. Opposition leaders are queuing up demanding a police investigation. Dunne won't be able to hide his emails from the cops.
Whatever the truth, Peters has ended any chance that Dunne or his party will make it back at the next election. In fact, if Dunne is charged he won't even make it through this term as an MP.
United Future now joins Act and the Maori Party in death's waiting room. Last election, Peters rose from the dead. This week, Lazarus moved closer to being kingmaker.