By

Stephanie Condon, Stephanie Lambidakis /

CBS News/ February 20, 2013, 12:11 PM

Jesse Jackson Jr. pleads guilty to conspiracy

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 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.

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.

"There is reason for optimism," Jackson's attorney Reid Weingarten said following today's hearing. "A man that talented, a man that devoted to public service... who has done so much for many... will and should get credit for it."

As part of the plea 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.

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.

"It turns out that Jesse has serious health issues," Weingarten said. "Those health issues are directly related to his present predicament. That's not an excuse, that's just a fact."

He added, however, that Jackson has received "great treatment."

"I think he's gotten his arms around his problem," he said. "Time will tell, but we are optimistic."

During the nearly hour-long hearing, Jackson was surrounded by family members, including his mother and father, Reverend Jesse Jackson, who sat in the first row.

Observers of the hearing said the most painful part to watch was Jackson acknowledging that he gives up his right to vote.

After the hearing Jackson said, "Tell the people back in Chicago sorry that I let them down."

Jackson's wife, former Chicago Alderman Sandi Jackson, has been 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 Friday.

© 2013 CBS Interactive Inc. All Rights Reserved.
39 Comments Add a Comment
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notliving4thisworld says:
One other thing. Any good Jesse Jr. has done in the past will be trumped by all his sins in the present. Poor pitiful Jesse Jr...I don't think so! Don't invite me to his pity party because I won't be there!
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notliving4thisworld says:
So...where is Jesse Sr. and Al Sharpton when all this is going on?! Oh, that's right, they only show up when they want to make a racial accusation against someone of opposite color. Well, Jesse Sr., what would you like to say now? There's nothing you can say, other than you didn't raise your boy right! This is just another example of democrats and their 10-finger discounts and excuses!
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zmonkee says:
650-hp-sohc replies: no taxes no nothing . just live free. eat out of a garbage can.unless your ritch.4 years a man has fought the ritch now.and the poor are over run.work like slaves to repugs . black and white.what is this taxpayer money going to do to you?oh i get it you must be ritch thats why your so up set.what does this have to do with any body liveing now or in the past ?we have always had bills to pay.whats new about now?

WOW!!!!! Can I assume that you don't even pay taxes? Also...not really sure what this post has to do with jesse jackson and his wife being thieves??
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zmonkee says:
"A man that talented, a man that devoted to public service... who has done so much for many... will and should get credit for it."

talented at what?? Stealing???
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dontknowitall says:
Barry will probably grant him amnesty.
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650-hp-sohc replies:
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no. barry is a truthfull person . he would have to talk one of your liers into doing what comes natural. lieing.look at your party. any comments on the weopons of mass destuction.lives spent . lives spent. lives spent.money spent doesnt seem to be any concern untill now .fucj you dumb as losers.bring the usa down to its kness. your doing agood job.nation wrecking party.gop =nwp.
zmonkee replies:
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hey 650.....spell much?? Anyone that spells the way you do, MUST be a barry supporter!!
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knsn_for_cmn_sense says:
Damn. He shoulda gone DOWN swinging. Like the toe tapper.

His misery is over too soon.
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RickB2400 says:
Lock him up. Seems like a good idea to keep guns away from this mentally ill person.
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wfw3536 says:
I just hope they throw the crook in jail. Like father like son, both of them are bums.
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650-hp-sohc replies:
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yeah and the south will rise again not.
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stamicrach says:
Jackson COULD serve five years, but he WON'T.!!

His racist, rabble rousing Reverend father will get him off.

The only time Jesse Jackson Sr. appears is when he wants to agitate blacks about what he perceives to be a racist injustice.

I can hear the whining now.!

My son is a black man, and everybody know blacks get stiffer sentences than whites and Hispanics.

My son is mentally ill and not responsible for his actions, yatta, yatta, yatta.

The fact that he was a Congressman is going to come into play also.

This fact alone is going to get him off on a lesser sentence.

Everybody knows; especially Congressmen; that they can get away with almost anything short of murder; just because they are the elite; the best of the best.

That's their opinion.

For the last four years; these elite have accomplished absolutely nothing.!

Where do you think John Q. Public would be if he spent his business into abject disaster.?

He would be in jail, and that's just where all these bought-and-paid-for elite criminals should be.

Malfeasance in Office could be one charge, failure to keep the oath they swore to (Obama's guilty of this too)obey, treason, terrorism, theft etc., and the list goes on and on.

Every last one of them should be prosecuted for crimes against humanity in their zeal to get their own way.

Dissolve both parties.

Four years should be long enough to figure out this system no longer works.

How much longer is it going to take; and how much more taxpayer money will be wasted on these egomaniacs.??

THROW THE BUMS OUT NOW.!!
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hbullis replies:
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One thing I agree about is that the Rev...Jackson....and Al Sharpton are the worst of racists. Everytime something happens like this our dinner table comments are always I wonder when Jackson and old Al will showup. They promote racism period end of story. Always looking to get the blacks something for nothing.
650-hp-sohc replies:
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no taxes no nothing . just live free. eat out of a garbage can.unless your ritch.4 years a man has fought the ritch now.and the poor are over run.work like slaves to repugs . black and white.what is this taxpayer money going to do to you?oh i get it you must be ritch thats why your so up set.what does this have to do with any body liveing now or in the past ?we have always had bills to pay.whats new about now?
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zmonkee says:
This HAS to be FOX news' fault!!! or Bush's!!
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650-hp-sohc replies:
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greed. dem or repug.
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