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Arizona Representative Rick Renzi indicted
More Phoenix News10:31 PM Mountain Standard Time on Monday, February 25, 2008
3TV SURVEY: What do you think about Renzi's indictment? 3TV VIDEO: Renzi faces long jail sentence if convicted 3TV VIDEO: Renzi releases response 3TV VIDEO: Casa Grande residents react to indictment 3TV VIDEO: Renzi indicted for extortion, money laundering
PHOENIX -- Northern Arizona Congressman Rick Renzi was indicted today on charges of extortion, wire fraud, money laundering and other matters in a scam involving an Arizona land swap.
The 26-page indictment says the scam allegedly helped Renzi collect hundreds of thousands of dollars in payoffs.
The indictment accuses Renzi and a former business partner of extortion and conspiring to promote the sale of land that buyers could swap for property owned by the federal government.
3TV LINK: Read the indictment papers
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The indictment says that as part of the alleged scam, Renzi and James Sandlin concealed at least $733,000 that the congressman took for helping seal the land deals.
Renzi and another business partner, Andrew Beardall, are accused of embezzling more than $400,000 in insurance premiums to fund Renz's first congressional campaign.
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