By

Stephanie Condon /

CBS News/ February 15, 2013, 4:41 PM

Jesse Jackson Jr. formally charged with conspiracy

Updated at 7:00 p.m. ET

Federal prosecutors today formally filed criminal charges against former Rep. Jesse Jackson Jr. for misusing $750,000 in campaign funds to purchase everything from an expensive watch to thousands of dollars worth of memorabilia and fur capes for his wife.

In paperwork filed this afternoon in the U.S. District Court for the District of Columbia, Jackson was charged with one count of conspiracy. The charges claim that between August 2005 and July 2012, Jackson directed funds from his campaign to pay personal credit card bills totaling $582,773. Additionally, the charges accuse him of making direct, personal purchases from his campaign account in the amount of $57,793. They also allege that Jackson provided a co-conspirator with $112,150 for transactions that personally benefited him.

Specifically, the money was allegedly spent on items including $5,000 football signed by U.S. presidents, $9,600 worth of furniture and a $43,000 gold-plated men's Rolex watch. The charges say $5,150 was spent to ship fur capes and parkas from Beverly Hills, Calif., and that thousands of dollars in campaign funds were also spent on memorabilia of Martin Luther King, Jr., Bruce Lee, Michael Jackson and Jimi Hendrix.

Jackson, the charges allege, unlawfully and knowingly omitted information from his Federal Election Commission reports on the use of his campaign funds.

Jackson's wife, former Chicago Alderman Sandi Jackson, was separately charged with one count of filing false income tax returns. Sandi Jackson has reached an agreement with the U.S. Attorney's Office to plead guilty to one count of tax fraud, her attorneys said in a statement. "Ms. Jackson has accepted responsibility for her conduct, is deeply sorry for her actions, and looks forward to putting this matter behind her and her family," attorneys Dan Webb and Tom Kirsch said.

According to CBS Chicago, Jesse Jackson Jr. has also reach a plea deal. Jackson has reportedly agreed to plead guilty to one felony count of misuse of campaign funds in exchange for a prison sentence of less than five years. As part of the agreement, the government reportedly demanded that Jackson give up his congressional seat -- which he did in November, just a little more than two weeks after easily winning re-election. The deal also reportedly calls on Jackson to repay the misused funds.

The plea deal will reportedly let a federal judge determine Jackson's punishment, which may or may not include jail time. 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.

His wife's false tax return charge carries a maximum penalty of three years in prison, a fine of up to $250,000 and other penalties. No court dates have been set.

In a statement, Jackson offered no excuses for his conduct and said he accepts full responsibility for his decisions and mistakes.

"Over the course of my life I have come to realize that none of us are immune from our share of shortcomings and human frailties," he said. "Still I offer no excuses for my conduct and I fully accept my responsibility for the improper decisions and mistakes I have made. To that end I want to offer my sincerest apologies to my family, my friends and all of my supporters for my errors in judgment and while my journey is not yet complete, it my hope that I am remembered for things that I did right."

While under investigation last year, Jackson also struggled with his mental health. He spent four weeks at the Mayo Clinic in Minnesota over the summer in treatment for bipolar depression. In spite of his problems, Jackson last year won re-election in Illinois' second district, which he had represented since 1995, with 63 percent of the vote.

Correction: An earlier version of this story reported that Sandi Jackson's false tax return charge could carry a maximum penalty that includes a fine of up to $100,000.  The maximum fine is actually $250,000.

© 2013 CBS Interactive Inc. All Rights Reserved.
  • Stephanie Condon On Twitter »

    Stephanie Condon is a political reporter for CBSNews.com.

58 Comments Add a Comment
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ccb5508 says:
knsn_for_cmn_sense replies: When you find evidence of this Please post it here CCB.I want to see it when it happens...


ahhh, the left is already starting to make excuses for him:

"When you have a magic name like that, he was in position, waiting for the gun to go off, for mayor, the Senate ... he was playing with the big guys," said Paul Green, a longtime political scientist at Roosevelt University in Chicago who moderated Jackson's first congressional campaign debate. "To go down for this, you just feel sad."
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knsn_for_cmn_sense replies:
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Im not left. I am very very fiscally conservative. Look at any of my posts here. If I am left it would be in regard to some of my social views.


I just dont see the advantage of lying to make a point.

You need to take your partisan blinders off. As a matter of fact this story in and of itself proves your original post. And my post made no excuses. I want this dude to go the way of the toe tapper airport dude.
ccb5508 replies:
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understood-- you had asked me to post when the left media started making excuses for him-- Just showing you that it has already started-
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HistoryNote says:
Race has nothing to do with temptation. The evil of privilege is what every Chicago politician eventually submits to.

The privileges are simply too easy.

Chicago would corrupt a nun if she was elected.
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ccb5508 says:
also...notice how this article is slowly disappering off of CBS's page-- by Monday....all gone
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mrleet60 says:
If he does a day in prison, it will be some sweet little country club prison with conjugal visits, hot tubs and a tennis court. I doubt that will even happen, I anticipate the "crazy as a bug" defense for his purported mental health issues and wonder if his recent and sudden discovery of these conditions might not be due to knowledge that the other shoe was dropping.
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GOODBYE-AMERICA-- says:
Isn't CBS News supposed to Put a Big D in front Rep.Jesse Jackson Jr.s name?

Don't forget folks Rep.Jesse Jackson Jr.s is another
"DEMOCRAT" crook.

Since Obama became president the Congressional DEMOCRATS thought they had carte blanche to commit crimes like never before.
They have been in more corruption or sexual scandals than the Republicans probable 3-1.
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GOODBYE-AMERICA-- replies:
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"probably" 3-1
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opedanderson2 says:
I dont see "D" or Democrat anywhere. Trust me, if he were GOP, "R", "Republican"and "GOP" would be everywhere!!!!
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GOODBYE-AMERICA-- replies:
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That's a keen observation.
CBS News shows it's left wing biased once again.
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knsn_for_cmn_sense says:
Political Leaches think they are above the law.

TERM LIMITS and no pay till they make the first payment on the debt.

I hope this jackazz does get thrown in Jail.
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ccb5508 says:
I'm sure the left media will come to his defense, and try to find some reasons of why he "had" to do this, like the murdering Dorner.
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MacPClinuxMIniMain replies:
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Good point, but it looks like acting sick didn't work very well in getting him out of this bind. I wonder if Hillary Clinton's acting sick to avoid testifying at the Benghazi Hearings before obama's election will eventually back fire on her as well?
knsn_for_cmn_sense replies:
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When you find evidence of this Please post it here CCB.

I want to see it when it happens...
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tinaw5218 says:
How does he get re-elected is what I want to know? He is in a hospital suffering with mental illness and he gets re-elected!! OMG! What does that say about the people in the State of Illinois? There is not one other person qualified for this seat, in the whole state? God, please help this country! We need it!
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ccb5508 replies:
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Illinois politics!
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varigdc10 says:
A few years ago this bum was supposedly the top dog to be the first black president. How things changed, he was then right on course to go to the White House, instead he is now dead on to go the the Big House. If I were him I would also develop bi-polar disorder overnight, what a piece of garbage, Jesse and Al, is he being framed by the white establishment?
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knsn_for_cmn_sense replies:
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Moochelle Obama. What the f has she done but marry the lib in Chief.

HOW LOW can you go.
ccb5508 replies:
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I hope historical was being sarcastic with "hilary/michelle"-- Otherwise....MORON alert!!
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