Jr. pleads guilty

Former Rep. Jesse L. Jackson Jr. pleaded guilty Wednesday to a conspiracy charge involving more than $750,000 in campaign funds at a dramatic hearing before a federal judge in Washington.

“I am guilty, your honor,” he said, according to a report in the Chicago Tribune.

As part of the plea agreement, Jackson could face a jail sentence of 46 to 57 months, the Tribune reported. But both sides reserved the right to argue for more — or less — jail time, the paper continued. His sentencing hearing is set for this summer.

“I used money I shouldn’t have … for personal reasons,” Jackson said, according to the Tribune. “I acknowledge that.”

While leaving the courtroom, Jackson also told reporters, according to the Tribune: “Tell everybody back home I’m sorry I let ‘em down, OK?” (Source)