WASHINGTON (CNN) -- U.S. Rep. Rick Renzi has been indicted on charges he promised to support legislation in exchange for a land deal that netted the Arizona Republican more than $700,000, the Justice Department said Friday. In a 35-count indictment unsealed early Friday, Renzi, 49, is charged with conspiracy, wire fraud, money laundering, extortion and insurance fraud. Also named in the indictment is Renzi's former business partner and real estate investor, James W. Sandlin, 56, of Sherman, Texas, and Andrew Beardall, 36, of Rockville, Maryland. Renzi's attorneys, Reid Weingarten and Kelly Kramer, denied their client had done anything wrong. "We will fight these charges until he is vindicated and his family's name is restored," the attorneys said in a statement.
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NEW: Rep. Rick Renzi received $733,000 from land deal, indictment says
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NEW: Renzi's attorneys say their client has done nothing wrong and will fight charges
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Indictment says Arizona Republican pushed land swap benefiting former partner
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The 35-count indictment names Renzi, two other businessmen as defendants
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