Disgraced former Congressman Jesse Jackson Jr., and his wife Sandi,
who are scheduled to be sentenced Wednesday for their crimes, may be forced to forfeit
their homes in Chicago and Washington D.C., as well as a $79,729 IRA.
prosecutors requested approval from a judge Friday to seize the former congressman's IRA and a home in Chicago, on East 72nd St., and a residence in the
nation’s capitol, in the DuPont Circle area.
According to prosecutors, in 2008, ownership of the homes was reassigned from the couple to the “Jesse Louis Jackson Jr. Living Trust,” for which Jackson Jr. and
Sandi are both trustees.
The feds allege the transfer of home ownership occurred in the midst of Jackson Jr.’s repeated theft of campaign funds.
the request to seize the properties, prosecutors cited Jackson’s
failure to submit 24 personal items purchased with some $750,000 in
campaign funds. Jackson pleaded guilty to four felony charges, including
making false statements, mail and wire fraud, and conspiracy, in
Although Jackson agreed to give the items up, he has only relinquished 12 of the items, according to the prosecutors, amounting to less than $22,000 of
the $61,910 owed.
The feds have recommended Jackson Jr. pay an additional $750,000 forfeiture and another $750,000 in restitution. His wife could potentially owe $168,000 in restitution.
Sandi, formerly the alderman of Chicago's 7th ward, pleaded guilty on the same day as her husband. She admitted to conspiring with Jackson on the spending and also failing to report some $600,000 of income on tax returns.
Federal prosecutors are seeking jail
sentences of 18 months for Sandi and four years for Jackson Jr. Both
parties have asked for a reduced sentence, with Sandi requesting just
probation, and staggered prison terms in order to ensure their children have at least one parent home as the former politicians serve their sentences.