On Feb. 20, Jackson pleaded guilty to conspiracy to commit wire fraud, mail fraud and false statements. His wife, Sandi Jackson, a former Chicago alderman, pleaded guilty that same day to separate charges of filing false tax returns.
He faces 46 to 57 months in prison and his wife faces one to two years behind bars, according to federal sentencing guidelines. Her sentencing is July 1. The cases are in the U.S. District Court for the District of Columbia.
Jackson, in his plea agreement, said he would pay a judgment of $750,000 and would forfeit to the government any property traceable to his offenses. He also faces a fine of $10,000 to $100,000.