Former Newark Mayor Sharpe James pleaded not guilty when he was arraigned on federal corruption charges Monday.James, 71, is accused of using city-issued credit cards to pay for personal trips and expenses. He's also accused of engineering the cut-rate sale of city-owned properties to Tamika Riley. Riley is described by prosecutors as James? companion on many of his trips.Despite the arraignment, James continues to serve as state senator for New Jersey?s 29th District. He says he does not plan to run for re-election. Under federal guidelines, James could face up to eight years in prison if he's convicted on all counts.

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