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Jesse Jackson Jr. Reportedly Set to Plead Guilty to Federal Charges, Could Do 4 Years in Prison

(Photo: AP)

Former Rep. Jesse Jackson (D-Ill.), seen here with wife Sandi, is reportedly set to plead guilty to federal charges. (AP)

Former Rep. Jesse Jackson Jr. is set to plead guilty to federal charges and could spend about four years in prison, according to Politico.

The ex-Illinois Democratic congressman, who resigned his seat late last year after prolonged treatment for mental illness, has been the focus of a federal criminal probe into alleged misuse of campaign dollars. Citing a "source close to the case," Politico reported Jackson "conspired with his wife to illegally spend $750,000 in campaign funds on personal expenses, including a $43,000 Rolex watch, home renovations, fur coats and a huge array of other transactions."

He is expected to plead guilty to charges of conspiracy, making false statements, and mail and wire fraud, and prosecutors will recommend a prison sentence of between 46 and 57 months and a $10,000 to $100,000 fine.

The plea agreement could be filed as early as Friday, Politico and CBS Chicago reported.

Jackson's wife, Sandi Jackson, who resigned her Chicago city council seat last month, is expected to plead guilty to a tax offense, according to Politico. The Chicago Sun-Times reported last week Sandi Jackson was feeling "like she was thrown under the bus" when the investigation into Jesse Jackson split into a separate probe of his wife.

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