Friday, February 22, 2008

Renzi Indicted

Rep. Rick Renzi was indicted on extortion, money laundering, wire fraud and other charges connected to land deals in Arizona, according to the 26-page, 35-count federal indictment. The indictment follows the federal land swap deal that Renzi and two former business partners had been accused of. The deal promoted the sale of land that buyers could swap, for property owned by the federal government. This sale is said to have brought in $4.5 million to a former partner of Renzi. James W. Sandlin, of Sherman, Texas, a real estate investor and Renzi's business associate; and Andrew Beardall, of Rockville, Md., Renzi’s business associate are also named the 35-count federal indictment.