Image: Rep. Rick Renzi, R-Ariz.
Pablo Martinez Monsivais  /  AP file
Rep. Rick Renzi, R-Ariz., is free on bond after pleading innocent to charges in a 35-count indictment.
updated 3/4/2008 2:59:46 PM ET 2008-03-04T19:59:46

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.

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