Be INFORMED

Friday, February 22, 2008

Renzi Indicted For Land Scheme And Money Laundering

      Another corrupt Republican politician on the indictment list. This time it is Arizona Republican Rick Renzi who was indicted.

    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 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.    AzFamily

  He's not running for reelection as he announced last August that he would not seek another term. That's probably a good thing for him since it would be just a little difficult to serve in Congress while you are serving in prison.

Technorati Tags: ,

0 Comments: