Arizona Rep. Rick Renzi pleads not guilty

March 4, 2008 11:06:46 AM PST
Arizona Congressman Rick Renzi has pleaded not guilty to federal charges including insurance fraud, extortion and money laundering. The three-term Republican appeared in U.S. District Court in Tucson on Tuesday. He was named Feb. 21 with two other defendants in a 35-count indictment.

Renzi is accused of helping with a swap of federally owned mining land that benefited him and a business partner. He's also accused of embezzling more than $400,000 from clients of his family insurance business.

Renzi has been released without bond.