Jesse Jackson Jr. Signs Plea Deal

Under the terms of the reported deal, his punishment for misuse of campaign funds will be in the hands of a federal judge. 

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Jesse Jackson Jr. (Getty Images)

Jesse Jackson Jr., who resigned from Congress three months ago after being accused of using campaign contributions for personal use, has now signed a plea deal with federal authorities, NBC News reports.

Under the terms of the deal Jackson signed, he pleads guilty and his fate -- as to jail time -- would be in the hands of a federal judge, not yet assigned. 

He would repay the government hundreds of thousands of dollars -- for items like the $40,000 Rolex watch, travel expenses for a woman he described as a "social acquaintance" and furniture purchased for his home.

Converting campaign contributions for personal use is strictly prohibited by federal law. It opens Jackson up to "not more than 5 years" in prison.  

Read more at NBC Chicago

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