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Arizona Congressman Indicted for Money Laundering, Wire Fraud and Extortion

By Brian Orsak

A Republican Congressman and two of his business partners were indicted by the U.S. Justice Department Friday on charges of conspiracy, wire fraud and hiding the ill-gained proceeds of an Arizona land swap and an insurance scam. U.S. Representative Rick Renzi, first elected in 2002, lobbied for a federal land exchange program in Congress to benefit James Sandlin, a Texas-based real estate investor who owed Renzi $700,000, prosecutors said in a 35-count indictment released today. The two men used proceeds from the land exchange for their personal and business use, prosecutors said. Renzi and his business partner Andrew Beardall were...

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