Congressman Rick Renzi (R-Ariz.), already in trouble on corruption charges, received more bad news yesterday. Federal prosecutors added new counts to his indictment, including "racketeering, making a false statement on a tax return and other counts to an indictment against Arizona Congressman Rick Renzi.

On the heels of Rep. Rick Renzi's (R-AZ) indictment on 35 counts of conspiracy, fraud, money-laundering and much else the House has formed an ethics subcommittee to conduct its own investigation of the Congressman's dealings.

Rep. Rick Renzi (R-AZ) has just been indicted on 35 counts, including money laundering, wire fraud, and extortion stemming from a land deal wherein Renzi used his official capacity to get people to buy land from a partner, who then filtered some of the money back to Renzi -- there are also separate charges related to Renzi possibly embezzling money from a side business to fund his congressional campaigns.

There's only so long a Representative can be the subject of an FBI investigation into a shady land deal with a former business partner and campaign donor before he gets the urge to hang up his spurs and seek out a more private life. Rep. Rick Renzi (R-AZ) has announced he won't seek re-election in 2008.