Jesse Jackson Jr., Wife Sandi Owe Feds $750,00 In Restitution, Will Sell D.C. Home To Pay Up

Comments:  | Leave A Comment

n-JESSE-JACKSON-JR-large.jpg

Former U.S. Rep. Jesse Jackson Jr. is planning to sell his family’s Washington, D.C. home in order to help foot the bill of the $750,000 in fines he owes the government after being convicted of illegal campaign fund spending.

According to the Chicago Sun-Times, Jackson has agreed to pay $200,000 of the owed money by Nov. 1, which is also the date he’s expected to report to prison in North Carolina to begin his two-and-a-half year sentence.

Part of that money was reported raised by liquidating an investment account. As for the other $550,000? Jackson’s attorney is asking for more time — until June 1, 2014 — to pay the balance, after he sells the four-bedroom Victorian-style DuPont Circle town house, the Chicago Tribune reports based on court filings.

Jackson and his wife Sandi Jackson — who has been sentenced to one year in prison in the same spending scheme — briefly listed the home for sale last September, in the midst of the former rep’s leave from Congress on account of his being treated for bipolar disorder and depression. The home was listed at $2.5 million but was withdrawn shortly after the listing went public and grabbed headlines.

Sandi is due to report to prison after Jackson completes his term, CBS Chicago notes.

The five-level home was built in 1921 and comes equipped with three full bathrooms, two half bathrooms, five fireplaces, a sunroom, a rooftop deck with a jacuzzi and a patio.

Read more http://www.huffingtonpost.com/2013/10/25/jesse-jackson-jr-restitut_n_4163623.html?utm_hp_ref=chicago&ir=Chicago

Tags: »

Comments

blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 321 other followers