Former 2nd District Congressman Jesse Jackson Jr. has signed a plea deal with prosecutors, Sun-Times Media reports.
Sources close to the investigation yesterday reported that the deal could include “significant jail time” for the defamed U.S. Representative.
Jackson has been subject of a federal investigation since October 2012, for alleged misuse of campaign funds. Reports of Jackson’s misused finances include the purchase of a $40,000 Rolex watch and $5,000 per month to pay his wife’s consulting firm, according to the Sun-Times.
Jackson’s wife, Sandi, is also in the crosshairs of a federal probe that spawned from Jackson’s initial investigation.
For more, read the Sun-Times Media report.