Feb 20 - Jesse Jackson Jr. pleads guilty to misusing campaign funds

Washington (CNN) -- Dabbing at this eyes with a handkerchief, former U.S. Rep. Jesse Jackson Jr. pleaded guilty on Wednesday in federal court to one charge related to using campaign funds for personal expenses.
"Guilty, your honor," Jackson responded to U.S. District Judge Robert Wilkins after looking back at family members in the courtroom, including his father, civil rights activist Jesse Jackson.
Once seen as a rising political star, the guilty plea and possible prison sentence completes the fall of the Chicago politician. Wilkins set sentencing for June 28.

His wife, former Chicago Alderman Sandra Stevens Jackson, had her own court appearance scheduled for a few hours later. She is expected to plead guilty to filing false tax returns.
Jackson pleaded guilty to one count of conspiracy to commit wire fraud, mail fraud and false statements. That charge carries a maximum of five years in prison and a $250,000 fine, but Wilkins noted that prosecutors and defense attorneys appeared to recommend a lighter sentence.

However, Wilkins said he was not bound by sentencing guidelines. "The bottom line is, I don't what sentence you're going to get and you don't know what sentence you're going to get," he said.Neither Jackson nor his wife spoke to reporters when they arrived at the courthouse in Washington.

Last week, prosecutors filed charges against the couple in separate criminal informations, which are used when parties strike plea agreements.
The documents say the former Democratic congressman from Illinois misused about $750,000 in campaign funds from August 2005 through approximately July 2012.
According to court documents, Jackson's campaign credit cards were used for $582,772 in personal expenditures. Jackson's purchases included a gold-plated men's Rolex watch costing more than $43,000 and almost $10,000 in children's furniture.
As part of the plea agreement Jackson, 47, will have to forfeit the $750,000 in improperly used funds and[..]orted memorabilia that prosecutors said he bought with campaign cash.
The items include two hats belonging to the late singer Michael Jackson costing more than $8,000; a $5,000 football signed by U.S. presidents; and memorabilia involving the Rev. Martin Luther King Jr., Malcolm X and martial artist Bruce Lee.
Jackson issued a statement through his attorneys Friday that said, in part, "I offer no excuses for my conduct and I fully accept my responsibility for the improper decisions and mistakes I have made."

Jackson's wife is not mentioned by name in the document outlining misuse of campaign funds.
But there are references to her as "Co-Conspirator 1," a former consultant and later the manager of Jackson's re-election campaign. According to the court documents, "Co-Conspirator 1" bought $5,150 worth of fur capes and parkas and had them shipped from Beverly Hills, California, to Washington.

Sandra Jackson faces up to three years in prison and a $250,000 fine for one count of filing false tax returns from 2006 through 2011.
Jesse Jackson Jr. had served in Congress since 1995. His name came up during the investigation of former Illinois Gov. Rod Blagojevich, linked to allegations that Blagojevich attempted to sell the U.S. Senate seat vacated by Barack Obama when he became president.
No charges were filed against Jackson, but the House Ethics Committee decided to look into whether Jackson or an[..]ociate offered to raise a large amount of money for Blagojevich in exchange for Jackson getting the Senate seat.

Jackson dropped out of sight last spring and his office later said he was being treated at the Mayo Clinic for a mood disorder, depression and gastrointestinal problems. He was re-elected in November but resigned a few weeks later.
His father recently said his son was "taking his medication and handling his challenges."
Sandra Jackson resigned her position as a Chicago alderman in January.

CNN.com

[pic] dumba#s

!!ing coward. Few months back they said he was ill, nicca wouldn't come out of his house to do interviews, he had his nicca wife come out and do his job. Its !!ing sad living here in Illinois and all the cowards who voted for him and overall voting.

I wonder how many politicians do this that we don't know about

this nicca brother tried to give me a job selling phones for like 12/hr.

he was a cool nicca but i hit that nicca with the [pic]

yo when a candidate runs for president and wins or loses, what happens to the millions donated to their campaign?

like romney, is there any laws as to what he has to do with his paper he got? its not like he can refund it back to whoever gave it to him.

if its a super pac, he can withdraw the money and keep it, its his. but usually campaigns have debt.

[pic]

not him or his "bipolar" thieving son will ever be President [pic]

Shocker ... Just like his pop a clown and now wonder chi town is !!ed up with these knuckleheads coming out of there

nicca is just as corrupt as his father. Apple dont fall too far from the tree. The story of senior Jackson and MLKs blood is just sickening.

[pic] he spent money on a michael jackson owned fedora and elk heads[pic]

hope they take him and his wifes pension away as well. give that !! back to the people of the city. pipedreams