Tuesday, February 26, 2008

Indicted Arizona congressman says he won't resign

(CNN) -- Republican Congressman Rick Renzi of Arizona said Monday that he will not step down after recently being indicted.

Rep. Rick Renzi, shown here in Baghdad, Iraq, in April 2007, has denied any wrongdoing.

"I will not resign and take on the cloak of guilt, because I am innocent," Renzi said in a statement.

A grand jury in Arizona indicted Renzi on charges that he promised to support legislation in exchange for a land deal that netted him more than $700,000, the Justice Department says.

In a 35-count indictment, Renzi is charged with conspiracy, wire fraud, money laundering, extortion, insurance fraud and other counts.

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