Former congressman and wife face jail time

Published 02/20 2013 05:21PM

Updated 02/21 2013 12:23PM

WASHINGTON D.C. -- Jesse Jackson, Jr., and his wife admitted wrongdoing in a federal court Wednesday morning. The former congressman told a judge he's guilty of spending more than $700,000 in campaign cash for personal use.

He bought a $43,000 Rolex watch, $9,000 on furniture and more than $5,000 on clothes. Jackson faces up to five years in prison.

His plea agreement requires he pay back the money. He'll be sentenced in June. As a convicted felon, he forfeits his right to vote.

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