Jesse Jackson Jr. Accused of $750,000 Campaign Fund Fraud

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Former Illinois Representative Jesse Jackson Jr. was charged by U.S. prosecutors with misusing $750,000 in campaign funds for purchases including a Michael Jackson hat and an Eddie Van Halen guitar.

Jackson, a 47-year-old Democrat and the son of the civil-rights leader, was charged today in federal court in Washington with one count of conspiracy to commit wire fraud, mail fraud and making false statements. Jackson intends to plead guilty, one of his lawyers, Brian Heberlig of Steptoe & Johnson LLP, said in an e-mail.