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

Follow

Get every new post delivered to your Inbox.

Join 328 other followers