Jesse Jackson Jr. Signs Plea Deal
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.