Huffpost Politics

Report: Jesse Jackson, Jr. Will Finish Paying Restitution By Refinancing

Posted: Updated:
JESSE JACKSON JR
Jesse Jackson Jr. departs the federal courhouse in Washington, DC, after a sentencing hearing on Wednesday, August 14, 2013. (Brian Cassella/Chicago Tribune/MCT via Getty Images) | Chicago Tribune via Getty Images

In a move that would make Tywin Lannister proud, former Illinois Congressman Jesse Jackson, Jr. is hustling to pay his debts.

Jackson is refinancing one of his homes and will pay $550,000 to U.S. Marshals via wire transfer by June 1, the Chicago Tribune reports.

The pending payment from Jackson's home will square the $750,000 restitution he was ordered to pay after pleading guilty to misusing campaign cash for personal expenses like a watch, dry cleaning, mounted elk heads and Michael Jackson memorabilia.

The disgraced Democratic representative previously cut the marshals a check for $200,000 upon starting his 30-month federal prison sentence in November of 2013.

Jackson and his wife Sandi own homes in both Chicago and Washington, D.C., though the federal court filing doesn't indicate which of the properties will be refinanced. It was previously reported the Jacksons would sell their four-bedroom Victorian-style DuPont Circle townhouse in D.C., though the $2.5 million listing was pulled shortly after it was posted.

Jackson is expected to be released on Dec. 31, 2015 from a federal prison in Alabama, to which he transferred from a facility in North Carolina where he was reportedly doing a "fastidious job" scrubbing toilets.

Sandi Jackson, a former Chicago alderman, is expected to start a one-year sentence for filing false tax returns within 30 days of her husband's release from prison.

Also on HuffPost:

Close
What The Jacksons Bought With Campaign Cash
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

Jesse Jackson Jr. refinancing home to pay feds $550,000 - Chicago ...

Jesse Jackson Jr. to refinance home to pay fines | FOX2now.com

Jesse Jackson Jr. Will Refinance Home to Payoff Feds | Black Like Moi

Jesse Jackson Jr. to refinance home to pay fines : State

Jesse Jackson Jr. to refinance home to pay fines - Pantagraph.com

Jesse Jackson Jr. to refinance home to pay fines - The Times

Jesse Jackson Jr. will modify mortgage to pay feds $550K | WGN-TV

Jesse Jackson Jr. refinancing home to pay feds $550000

Jesse Jackson Jr. to refinance home to pay fines

Jackson Jr. To Refinance Home To Pay $550K Owed To Feds

Jesse Jackson Jr. refinances home to pay feds $550k

Jesse Jackson Jr. will modify mortgage to pay feds $550K

Jackson Jr. will modify mortgage to pay feds $550000, lawyers say

Jesse Jackson Jr - Huffington Post