Former Illinois Congressman Jesse Jackson Jr. has signed a plea deal with federal prosecutors that will carry significant jail time, according to a source familiar with the investigation.
The Democrat has been under investigation for allegedly misspending a large amount of campaign funds. He also reportedly bought a $40,000 watch with campaign money. The Chicago Sun-Times
reported this week that federal prosecutors now have separate investigations underway, one into Jackson and another into his wife, Sandi.
Sandi Jackson had served as an Chicago alderman from the 7th Ward until resigning last month. Her husband served eight full terms in the U.S. House after winning a special election in 1995.
Federal prosecutors are reportedly examining access Sandi Jackson may have had to her husband’s congressional campaign funds, including moving money between accounts, as well as credit card charges.
The Sun-Times reports that Sandi Jackson was paid almost $5,000 a month from her husband’s campaign fund — payments that continued even after he started seeking mental health treatment last year.
It is not yet known whether she will face charges in connection with the case.
Jackson resigned his Congressional seat he had held for 17 years on Nov. 21, 2012, although he had won re-election just 15 days earlier.
"During this journey, I have made my share of mistakes," he wrote in his resignation letter to House Speaker John Boehner. "I am aware of the ongoing federal investigation into my activities, and I am doing my best to address the situation responsibly, cooperate with the investigators, and accept responsibility for my mistakes, for they are my mistakes and mine alone. None of us is immune from our share of shortcomings or human frailties and I pray that I will be remembered for what I did right."
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