Former U.S. Rep. Jesse Jackson Jr. was charged Friday with violating federal law by misusing campaign funds -- and his wife Sandi Jackson was also charged with filing false joint tax returns.
According to the Chicago Tribune, Jackson is accused of conspiring with his wife, formerly a Chicago alderman, to divert $750,000 in campaign funds for personal use.
Politico reported earlier Friday that sources close to the case revealed Jackson conspired with his wife Sandi to illegally spend the campaign funds on personal expenses. Among the couple's improper expenditures: a $43,000 Rolex watch, home renovations, fur coats, cosmetic procedures, breakfast snacks and even beds for campaign workers. (Read Jesse Jackson Jr.'s full indictment document and Sandi Jackson's separate indictment.)
According to ABC Chicago, Jesse Jackson Jr. released a statement on Friday:
"Over the course of my life I have come to realize that none of us are immune from our share of shortcomings and human frailties. Still I offer no excuses for my conduct and I fully accept my responsibility for the improper decisions and mistakes I have made. To that end I want to offer my sincerest apologies to my family, my friends and all of my supporters for my errors in judgment and while my journey is not yet complete, it is my hope that I am remembered for the things that I did right."
Per the terms of a plea deal, Jackson could face anything from probation to up to 58 months — or more than four-and-a-half years — in jail, according to the Chicago Sun-Times.
Sources previously told ABC Chicago that Jackson Jr.'s deal was signed Feb. 1 and specifically includes a guilty plea for conspiracy to commit wire fraud, mail fraud and false statements. Attorney Tom Kirsch confirmed to the Associated Press that Sandi Jackson has pleaded guilty to one count of tax fraud, a charge that carries a maximum three-year sentence.
Among those items Jackson Jr. allegedly purchased using campaign funds are thousands of dollars of Bruce Lee, Michael Jackson and Martin Luther King Jr. memorabilia, according to NBC Chicago.
HuffPost reporter Ryan J. Reilly has outlined additional details on how Jackson Jr. is accused of illegally spending campaign cash.
Jesse Jackson Jr., 47, resigned from office last November after going on medical leave from Congress for several months and seeking treatment for bipolar disorder at the Mayo Clinic. Jackson had represented Illinois' 2nd congressional district since 1995.
Also on HuffPost:
Former Illinois Rep. Jesse Jackson Jr. and his wife, Sandi, arrive at federal court in Washington, Wednesday, Aug. 14, 2013, to learn their fates when a federal judge sentences the one-time power couple for misusing $750,000 in campaign money on everything from a gold-plated Rolex watch and mink capes to vacations and mounted elk heads. (AP Photo/Susan Walsh)
In this Feb. 20, 2013 file photo, former Illinois Rep. Jesse Jackson, Jr leaves federal court in Washington after he entered a guilty plea to criminal charges that he engaged in a scheme to spend $750,000 in campaign funds on personal items. (AP Photo/Cliff Owen, File)
Former Illinois Rep. Jesse Jackson Jr. and his wife Sandi leave the E. Barrett Prettyman Federal Courthouse in Washington, Wednesday, Feb. 20, 2013, after Jackson entered a guilty plea to criminal charges that he engaged in a scheme to spend $750,000 in campaign funds on personal items. Sandi also plead guilty to a related tax fraud charge. (AP Photo/Evan Vucci)
Former Rep. Jesse Jackson Jr. enters U.S. District Court February 20, 2013 in Washington, DC. Jackson and his wife, Sandi Jackson, pleaded guilty to federal charges after being accused of spending more than $750,000 in campaign funds to purchase luxury items, memorabilia and other goods. (Photo by Win McNamee/Getty Images)
In this Thursday, Aug. 16, 2012 photo provided by the office of former U.S. Rep. Patrick J. Kennedy, Kennedy, left, meets with U.S. Rep. Jesse Jackson Jr. at the Mayo Clinic in Rochester, Minn. (AP Photo/Office of Patrick J. Kennedy)
In this April 4, 2012 file photo, Treasury Secretary Timothy Geithner, right, and Rep Jesse Jackson Jr., D-Ill. tour the Ford Motor Company Stamping Plant in Chicago Heights, Ill. (AP Photo/Charles Rex Arbogast, File)
In this March 20, 2012 file photo, Rep. Jesse Jackson Jr., D-Ill. speaks in Chicago. (AP Photo/M. Spencer Green, File)
This March 20, 2012 file photo shows Rep. Jesse Jackson Jr., D-Ill., his wife Chicago Alderman Sandi Jackson, and their children Jessica, 12, and Jesse III, 8, thanking supporters at his election night party in Chicago after his Democratic primary win over challenger, former Rep. Debbie Halvorson, in the Illinois' 2nd District. (AP Photo/M. Spencer Green, File)
This March 9, 2012 file photo shows Rep. Jesse Jackson Jr. , D-Ill., and his wife, Chicago Alderman Sandi Jackson, asking each other for their support and votes as they arrive at a polling station for early voting in Chicago. (AP Photo/M. Spencer Green, File)
In this Oct. 16, 2011 file photo, Rep. Jesse Jackson, Jr., D-Ill., is seen during the dedication of the Martin Luther King Jr. Memorial in Washington. (AP Photo/Charles Dharapak, File)
Rep. Jesse Jackson, Jr., D-Ill., talks to reporters after attending a Democratic caucus meeting on Capitol Hill in Washington, Monday, Aug. 1, 2011. (AP Photo/Susan Walsh)
In this Aug. 5, 2010 file photo, U.S. Rep. Jesse Jackson Jr., right, and his wife, Chicago Alderman Sandi Jackson, greet President Barack Obama at the Ford Motor Company Chicago Assembly Plant. (AP Photo/Pablo Martinez Monsivais, File)
In this April 14, 2010 file photo, Rep. Jesse Jackson Jr., D-Ill., center, speaks on Capitol Hill in Washington. (AP Photo/Harry Hamburg, File)
In this March 21, 2010 file photo, Rep. Jesse Jackson, Jr., D-Ill., uses his PDA to photograph demonstrators outside on the U.S. Capitol as the House prepares to vote on health care reform in Washington. (AP Photo/Charles Dharapak, File)
This photo taken March 31, 2009 shows Rep. Jesse Jackson Jr., D-Ill. on Capitol Hill in Washington. Jackson is the subject of a preliminary inquiry from a congressional ethics board looking into his attempts to be appointed to the Senate seat vacated by President Barack Obama. (AP Photo/Manuel Balce Ceneta)
In this Monday, Aug. 25, 2008 picture, Rep. Jesse Jackson Jr., D-Ill., speaks at the Democratic National Convention in Denver. (AP Photo/Ron Edmonds)
Jesse Jackson Jr. and Sandi Jackson in 2007.
FILE - In this Nov. 9, 2006 file picture, U.S. Rep. Jesse Jackson Jr., D-Ill., speaks at a news conference in Chicago. (AP Photo/Charles Rex Arbogast, File)
Jesse Jackson Jr., D-Ill., on hand for former President George W. Bush's signing of the Rosa Parks statue bill in 2005.
President Bush picks up 2-year-old Jesse Jackson III after signing a bill authorizing a statue of civil rights leader Rosa Parks be placed in the U.S. Capitol's Statuary Hall, Thursday, Dec. 1, 2005, in the Eisenhower Executive Office Building. Cong. Jesse Jackson Jr. is at left. (AP Photo/Ron Edmonds)
U.S. Congressman Jesse Jackson Jr. (D-IL) is interviewed by U.S. funded Arabic language television station corresspondent Sara Hessenflow at the 2004 Democratic National Convention July 27, 2004 in Boston, Massachusetts. (Photo by Scott Olson/Getty Images)
Congressman Jesse Jackson Jr. (D-Ill.) gets interviewed by a television crew follow a meeting of the Illinois delegation for the Democratic National Convention July 26, 2004 in Boston, Massachusetts. (Photo by Scott Olson/Getty Images)
Rep. Jesse Jackson Jr., D-Ill., speaks to attendees of the United Negro College Fund's annual Martin Luther King Jr. Festival at the Minneapolis Convention Center Monday, Jan. 15, 2001. (AP Photo/Adam M. Bettcher)
Rep. Jesse Jackson Jr., D-Ill., left, "chokes" coach Rep. Martin Olav Sabo, D-Minn. prior to the start of the 37th annual Congressional Baseball game at Prince George's Stadium in Bowie, Md. Tuesday June 23, 1998. (AP Photo/Nick Wass)
Kweisi Mfume, right, greets Rep. Jesse Jackson Jr., before the State of the Union Address Tuesday, Feb. 4, 1997, at the Capitol. (AP Photo/Doug Mills)
Two generations of Jacksons and Sununus prepare to debate the issues facing the 105th Congress before the start of CNN's "Crossfire" Wednesday, Jan. 8, 1997 in Washington. From left are the Rev. Jesse Jackson, Rep. Jesse Jackson Jr., D-Ill., Rep. John Sununu Jr., R-N.H., and John Sununu. (AP Photo/Tyler Mallory)
Rev. Jesse Jackson hugs his son Jesse Jackson Jr. after being introduced to speak to delegates at the United Center Tuesday, Aug. 27, 1996, in Chicago during the Democratic National Convention. (AP Photo/Ron Edmonds)
In this Dec. 14, 1995 file photo, U.S. Rep. Jesse Jackson Jr., D-Ill., right, gets a kiss from his mother, Jacqueline Jackson, after re-enacting taking the oath of office, on Capitol Hill in Washington. The 30-year-old lawyer, and son of civil rights leader Rev. Jesse Jackson, won a special election to succeed imprisoned ex-Rep. Mel Reynolds. The sweep of Jesse Jackson Jr.'s life, from golden boy who could be president to broken politician, will be laid out for a federal judge in Washington, D.C., Wednesday, Aug. 14, 2013, as she sentences him and his wife Sandra for misusing $750,000 in campaign money on a gold-plated Rolex watch, mink capes, mounted elk heads and other personal items. (AP Photo/Doug Mills, File)
Democrat Jesse Jackson Jr., left, thanks supporters as his father, the Rev. Jesse Jackson, right, looks on Tuesday night, Dec. 12, 1995, in Matteson, Ill. (AP Photo/Michael S. Green)
Jesse Jackson Jr. reads to toddlers at Operation Headstart during a campaign appearance in Chicago Heights, Ill., on Wednesday, Nov. 15, 1995. (Charles Bennett)
Jesse Jackson Jr., center, receives a kiss from his wife, Sandi, as the returns solidly show Jackson as the winnner in the 2nd Congressional District primary, Tuesday night, Nov. 28, 1995, in Markham, Ill. Jackson's father, the Rev. Jesse Jackson, is behind his son at right. (AP Photo/Beth A. Keiser)
The Rev. Jesse Jackson, center, poses for pictures with sons Jesse Jr., left, and Jonathan, right, after they graduated from North Carolina A&T, May 9, 1988, at the Greensboro Coliseum, and Jackson Sr. gave the commencement address. (AP Photo/Dennis Cook)
Jesse Jackson Jr., left, son of the Rev. Jesse Jackson, shown with film director Spike Lee at a luncheon with the candidate at Sylvia’s restaurant in the Harlem section of New York on April 10, 1988. (AP Photo/Ron Edmonds)