Jesse Jackson pleads guilty to conspiracy [View all]
Source: CBS News
Former Rep. Jesse Jackson Jr., D-Ill., pleaded guilty to one count of conspiracy today in a U.S. District Court, after allegedly misusing hundreds of thousands of campaign dollars on personal expenses like a gold-plated Rolex and fur capes for his wife.
"I am guilty, your honor," Jackson said to Judge Robert Wilkins. In a subdued but clear voice, Jackson told the judge that he accepts responsibility for his actions.
Federal prosecutors formally charged Jackson on Friday for misusing $750,000 in campaign funds between August 2005 and July 2012.
The conspiracy charge carries a maximum statutory penalty of up to five years in prison, a fine of up to $250,000 and other penalties. The former Illinois lawmaker could possibly serve between 46 and 57 months in prison -- that is the range of time the defense and government prosecutors agreed to. However, the judge noted he is not bound by that. Sentencing is June 28.
Read more: http://www.cbsnews.com/8301-250_162-57570295/jesse-jackson-pleads-guilty-to-conspiracy/
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