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Jesse Jackson Jr. to sell D.C. home to pay fines

Former Illinois Congressman Jesse JacksJr. leaves US District Court WashingtDC August 14 2013 following sentencing hearing. Jacks was sentenced today

Former Illinois Congressman Jesse Jackson Jr., leaves the US District Court in Washington, DC, August 14, 2013, following a sentencing hearing. Jackson was sentenced today to 30 months behind bars and his wife, Sandi, got a year in prison for separate felonies involving the misspending of about $750,000 in campaign funds. The Jacksons will be allowed to serve their sentences one at a time, with Jackson Jr. going first. In addition to the 2.5 years in prison, Jackson Jr. was sentenced to three years of supervised release. Sandi Jackson was ordered to serve 12 months of supervised release following her prison term. AFP PHOTO / Saul LOEBSAUL LOEB/AFP/Getty Images ORG XMIT: 176688507

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Updated: November 27, 2013 6:07AM

Former U.S. Rep. Jesse Jackson Jr., who is set to report to prison next month, has agreed to sell his Washington, D.C., home and use the proceeds to help pay a $750,000 fine stemming from his conviction for stealing from his campaign fund to fund a lavish lifestyle.

In a filing Friday in U.S. District Court for the District of Columbia, Jackson’s attorneys say their client has so far been unable to find the funds to pay the fine, and Jackson is now looking to sell his Washington, D.C., residence. Jackson is also agreeing to pay $200,000 by Nov. 1, according to the filing. Part of that money will be raised by liquidating an investment account, according to the filing, which seeks to increase the time Jackson has to pay his fines.

Last August, Jackson was sentenced to 2½ years in prison after pleading guilty to stealing more than $750,000 from his campaign fund. He’s due to report to prison by Nov. 1. Sandi Jackson, his wife, received a 12-month term after pleading guilty to signing off on tax returns, knowing that the couple had underreported their income.

She’s set to begin her term when her husband’s is complete.

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