Congressman indicted in conspiracy
WASHINGTON (AP) - February 22, 2008 A 26-page federal indictment unsealed in Arizona accuses Renzi
and two former business partners of conspiring to promote the sale
of land that buyers could swap for property owned by the federal
government. The sale netted one of Renzi's former partners $4.5
million.
Renzi is a three-term member of the House. He announced in
August that he would not seek re-election.
Today's indictment comes after a lengthy federal investigation
into the land developing and insurance businesses owned by Renzi's
family.
In April 2007, federal agents raided a Sonoita Arizona business owned by Renzi's wife, Roberta.
