From Justin over at ABC:

Thirty-five counts won't keep Rick Renzi down.

The Arizona congressman will not step down in the face of a federal indictment handed down last Friday, he announced in a press release late Monday evening.

"“I will not resign and take on the cloak of guilt because I am innocent," the statement read. "My legal team. . .will handle these legal issues while I continue to serve my constituents."

Renzi is scheduled to be arraigned on March 6th.