Mystery loan lets Jacksons keep both homes

Jesse Jackson Jr. faces sentencing Wednesday

A tribune investigation discovered how former congressman Jesse Jackson Junior was able to pay a massive fine for misusing campaign funds.

A court ordered Jackson to pay $750,000, or risk losing his two homes.

He gave $200,000 before entering prison last fall– then, paid off the balance with a wire transfer in May.

The Tribune has learned that the second payment was made with money from a lending company that was only established a month earlier.

It was created at a law firm used by a Jackson family friend, who has served prison time for conspiracy and securities fraud.

Jackson Junior is currently serving a 30-month prison sentence.

His wife Sandi will serve her 12 month prison sentence after him, for filing false tax returns.

Read the full story at ChicagoTribune.com

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