Friday, February 15, 2013
Well,the details of the case against Jesse Jackson Jr. and his wife have now officially been made public, and it's not pretty.
They've been caught red-handed.
Jesse Jr. will plead guilty to conspiracy to commit wire fraud, mail fraud and making false statements.
Mrs. Sandi Jackson, a Chicago alderwoman until her recent resignation will plead guilty to filing false tax returns.
Jesse Jr. is being charged with using over $750,000 in campaign for his personal use.
Federal authorities allege that Jackson Jr. used campaign funds to purchase a $43,350 men’s gold-plated Rolex watch, $5,150 worth of fur capes and parkas, and $9,588 in children’s furniture. The purchases were made between 2007 and 2009, according to the criminal information, which authorities noted is not evidence of guilt.
Other expenditures listed by prosecutors include $10,105 on Bruce Lee memorabilia, $11,130 on Martin Luther King memorabilia and $22,700 on Michael Jackson items, including $4,600 for a "Michael Jackson fedora."
The government also alleged that Jackson Jr. made false statements to the House of Representatives because he did not report approximately $28,500 in loans and gifts he received.
"A Michael Jackson fedora"? I die laughing every time I read that.
Mrs. Jackson falsified their joint tax returns between 2006 through 2011, so she was obviously in on the scam. But part of the plea bargain is that she's apparently being allowed to plead guilty to just one count of tax fraud. She faces up to three years in prison, a fine of up to $250,000 and other unspecified penalties.
Jesse Jr. faces up to five years in prison, a fine of up to $250,000 and again, other unspecified penalties.
Note that the amount they diverted alone is less than the maximum penalties they face combined, by a good quarter mil. It doesn't account for the profits they made on the taxes they didn't pay for 5 years.
This is Chicago. My prediction is that Sandi Jackson will pay a fine of some kind. She'll get a suspended sentence and will do no jail time.Maybe some community service or some kind of similar bolshoi.
Jesse Jr. will pay a fine of some sort and maybe get two years at most in a white collar summer camp masquerading as a 'prison'. He may even get sent to a rehab facility. He'll be out in a year, tops.
Compare that with what would happen to me or you if th4e feds caught us doing the same thing.