Jesse Jackson Jr., wife charged in federal cases

Let's add this up.

He stole $750,000
He can be fined up to $250,000
His wife can be fined up to $100,000
He will have to give up some memoribilia he purchased
He may serve up to 5 years (probably 2 or less)
She may serve up to 3 years (probably less than 1)

So, they keep about $500,000 in goods for serving a couple years in jail.

That means they are making about $250,000 per year of jail time.

Obama says that is the defenition of being "wealthy"

I guess crime pays quite well even if you are caught.
 
Quote from pspr:

Let's add this up.

He stole $750,000
He can be fined up to $250,000
His wife can be fined up to $100,000
He will have to give up some memoribilia he purchased
He may serve up to 5 years (probably 2 or less)
She may serve up to 3 years (probably less than 1)

So, they keep about $500,000 in goods for serving a couple years in jail.

That means they are making about $250,000 per year of jail time.

Obama says that is the defenition of being "wealthy"

I guess crime pays quite well even if you are caught.
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Yes but the cruel and unusual punishment is that they now have to report the money on their State and Federal taxes.
 
Quote from jem:

Yes but the cruel and unusual punishment is that they now have to report the money on their State and Federal taxes.
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LOL!!!!!!!!!!!!!! Now that is REAL punishment! I understand, and agree completely!
 
In other news the FBI arrests 10 Atlanta area police officers for drug related felonies. I saw most of their photos on the local news. They're all Negroes. Go figure.
 
Quote from Lucrum:

In other news the FBI arrests 10 Atlanta area police officers for drug related felonies. I saw most of their photos on the local news. They're all Negroes. Go figure.
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The ones that didn't need to take a test to get on the force? Or the ones who didn't have their criminal records considered to get on the force?
 
Quote from Lucrum:

In other news the FBI arrests 10 Atlanta area police officers for drug related felonies. I saw most of their photos on the local news. They're all Negroes. Go figure.
More...
Only 10, my guess would be 500 or more are guilty.
I'd be surprised if less than 30% of cops were guilty of felonies, that would send anybody else to prison.
 
Quote from pspr:

Let's add this up.

He stole $750,000
He can be fined up to $250,000
His wife can be fined up to $100,000
He will have to give up some memoribilia he purchased
He may serve up to 5 years (probably 2 or less)
She may serve up to 3 years (probably less than 1)

So, they keep about $500,000 in goods for serving a couple years in jail.

That means they are making about $250,000 per year of jail time.

Obama says that is the defenition of being "wealthy"

I guess crime pays quite well even if you are caught.
More...

He has to pay back the 750,000 as well

http://news.yahoo.com/prospect-prison-looms-ex-congressman-wife-080604163--politics.html


The prosecutors' court filing said that upon conviction, Jackson must forfeit $750,000, plus tens of thousands of dollars' worth of memorabilia items and furs. The memorabilia includes a football signed by U.S. presidents, a Michael Jackson and Eddie Van Halen guitar, a Michael Jackson fedora, Martin Luther King Jr. memorabilia, Malcolm X memorabilia, Jimi Hendrix memorabilia and Bruce Lee memorabilia — all from a company called Antiquities of Nevada.

The conspiracy charge carries a maximum statutory penalty of up to five years in prison, a fine of up to $250,000, and other penalties. U.S. District Judge Robert L. Wilkins is assigned to the case.
 
Quote from AK Forty Seven:

He has to pay back the 750,000 as well

http://news.yahoo.com/prospect-prison-looms-ex-congressman-wife-080604163--politics.html
The prosecutors' court filing said that upon conviction, Jackson must forfeit $750,000, plus tens of thousands of dollars' worth of memorabilia items and furs. The memorabilia includes a football signed by U.S. presidents, a Michael Jackson and Eddie Van Halen guitar, a Michael Jackson fedora, Martin Luther King Jr. memorabilia, Malcolm X memorabilia, Jimi Hendrix memorabilia and Bruce Lee memorabilia — all from a company called Antiquities of Nevada.

The conspiracy charge carries a maximum statutory penalty of up to five years in prison, a fine of up to $250,000, and other penalties. U.S. District Judge Robert L. Wilkins is assigned to the case.
More...
"Today, Sandi Jackson reached an agreement with the U.S. Attorney’s Office to plead guilty to one count of tax fraud," reads a statement from her attorneys. "Ms. Jackson has accepted responsibility for her conduct, is deeply sorry for her actions, and looks forward to putting this matter behind her and her family. She is thankful for the support of her family and friends during this very difficult time."

It's one or the other but not both.
 
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