The Motley Fool Discussion Boards
Politics & Current Events / Political Quagmire
|Subject: From the House to the Big House||Date: 11/12/2012 9:09 AM|
|Author: DrBob2||Number: 89997 of 91368|
Jesse Jackson, Jr. plea deal likely to include resignation, jail time
Just days after winning a handy reelection to his Chicago-area district, 17-year Rep. Jesse Jackson, Jr., D-Ill., has entered negotiations for a plea deal that would include his resignation from Congress and likely jail time.
Jackson, Jr., the son of civil rights activist Rev. Jesse Jackson, Sr., and husband to Chicago Alderman Sandi Jackson, has not yet pleaded guilty to alleged misuse of campaign funds to decorate his house and purchase a $40,000 Rolex watch for a female friend. But CBS Chicago reports the congressman's lawyer, white-collar criminal defense attorney Dan Webb, is negotiating with the federal government a plea bargain that will likely be reached by year's end.
The tentative deal includes Jackson, Jr.'s resignation from Congress for health reasons, a "guilty" plea involving misuse of campaign funds, and repayment of any contributions that were converted to personal use. At least some jail time is expected. Jackson, Jr.'s pension, which would pay out between $65,000 and $80,000 a year when he turns 62, is also part of the talks.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|