Tearful U.S. ex-congressman Jesse Jackson Jr. admits fraud

WASHINGTON,  (Reuters) – Onetime Democratic Party rising star Jesse Jackson Jr., weeping and repentant as his famous father looked on, pleaded guilty on Wednesday to misusing about $750,000 in campaign funds on luxuries such as fur capes and a Rolex watch.

Jackson, 47, who had represented Illinois in the House of Representatives from 1995 until his resignation in November, told U.S. District Judge Robert Wilkins he had supplemented his income with political campaign funds for seven years.

When Wilkins asked for Jackson’s plea, he responded: “Guilty, your honor. I misled the American people.”
Prosecutors said they may ask for a five-year prison sentence in the corruption case – the maximum permitted by law – while Jackson’s legal team said it may argue for four or less. Sentencing is scheduled for June 28.

“His campaign funds were a personal piggy bank,” Ronald Machen, U.S. attorney for Washington, told a news conference.

Jackson, once considered among the nation’s most promising black politicians, expressed regret for misusing the campaign money. At one point, he turned around to face his family and appeared to mouth the words: “I’m sorry.”

“I fully understand the consequences of my actions,” Jackson, who dropped out of public view last year and underwent treatment for bipolar disorder, told the judge.