London, Feb 21 : Former congressman Jesse Jackson Jr, the son of a civil rights leader, is facing up to five years in prison for misusing about 750,000 dollars in campaign money.
Jackson, son of Rev Jesse Jackson, wept as he entered the plea at a court in Washington DC.
Prosecutors said that Jackson used campaign funds for personal expenses and failed to report gifts.
According to the BBC, during the hearing, the former Illinois representative said that he misled the American people.
Jackson''s wife, Sandra, also pleaded guilty on Wednesday, to tax fraud.
According to court documents, she admitted to failing to report 600,000 dollars in income between 2005 and 2011. She also faces one to two years in prison and a fine.
Prosecutors said that between 2007 and 2009, the Jacksons used funds donated to his re-election campaign to buy a gold-plated Rolex watch worth more than 43,000 dollars, fur capes and parkas worth over 5,000 dollars, and nearly 9,600 dollars on children's furniture.
He is also accused of failing to report 28,500 dollars in gifts and loans to the House of Representatives, where he had served from 1995.
Officials may try to seize more than 60,000 dollars in memorabilia and furs linked to the fraud.
According to the report, Jackson has also been under investigation by the House ethics committee over his dealings with imprisoned ex-Illinois Governor Rod Blagojevich.
Blagojevich was convicted of trying to sell an appointment to President Barack Obama''s former US Senate seat and other corruption charges, it added. (ANI)