Former U.S. Representative Jesse Jackson Jr. was charged with conspiracy for allegedly misusing $750,000 in campaign funds Friday.
Jackson Jr. is alleged to have spent the $750,000 on personal items such as expensive watches, clothing and collectibles, The Washington Post said.. Also, the government has alleged him of making false statements to the House of Representatives for not reporting loans and gifts he received.
Jackson Jr. has been charged with one count of conspiracy to commit wire fraud, mail fraud and false statements. He faces up to five years in prison and a fine of up to $250,000.
Sandi Jackson, Jackson Jr.'s wife, has allegedly understated their income on tax returns for the past six years, the Chicago Tribune said. She faces up to three years in prison and a fine of up to $250,000.
Both Jackson Jr. and his wife plan to plead guilty to the charges and have apologized for their mistakes, the Chicago Tribune said.