Arizona GOP Congressman Renzi Indicted for Fraud

Republican U.S. Rep. Rick Renzi was indicted Friday in Arizona on 35 counts of extortion, conspiracy, money laundering and related charges.

The indictment says the congressman conspired with one former business partner in an alleged land-swap scheme and with another to commit insurance fraud.

Renzi's lawyers issued a statement saying their client had done nothing wrong.

Renzi, first elected to the House in 2002, announced last August that he would not seek re-election.

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