Jesse Jackson Jr. has signed papers in a plea deal in the federal investigation into his finances.
He may face up to five years in prison.
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It’s been nearly three months since Jesse Jackson Jr. resigned from Congress, but now NBC News confirms that Jackson has signed papers in a plea deal within the past several days.
Jackson’s case is being handled by the US Attorney’s office in Washington DC. While no public announcement is expected today, those with knowledge of the investigation believe the loose ends now deal with Jackson’s wife, former Alderman Sandi Jackson, and whether or not she is ultimately charged.
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.