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Old 08-13-2013, 10:58 PM   #1
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Default Ex-Congressman Jesse Jackson Jr. faces sentencing

total freakin bullshit...the fact that this scumbag could get nothing but probation for STEALING 750,000 dollars is just mind boggling. even 5 years in a cushy minimum security prison is bullshit.
i've always been of the opinion that people in positions of authority such as police , judges, politicians and even CEO's should get double the punishment of an ordinary citizen because they have jobs where we don't have a choice but to trust them.


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CHICAGO (AP) — The genesis of Jesse Jackson Jr.’s decline dates to when he chose to forgo divinity studies and enter the world of politics instead, or so says the ex-congressman’s sister. Other supporters suggest it was when he opted for weight-loss surgery. Still others single out his diagnosed bipolar disorder.
The sweep of Jackson’s life, from golden boy who could be president to broken politician, will be laid out for a federal judge in Washington, D.C., Wednesday as she sentences him and his wife Sandra for misusing $750,000 in campaign money on a gold-plated Rolex watch, mink capes, mounted elk heads and other personal items.
Citing how the son of civil rights leader the Rev. Jesse Jackson ramped up his illegal spending even as he fell under suspicion of involvement in the corruption of ex-Illinois Gov. Rod Blagojevich, prosecutors are recommending a four-year prison term. Jackson earlier pleaded guilty to conspiring to defraud his campaign.
The brazenness of the Chicago Democrat’s criminal spending binge shocked even Illinois — a state with an ignominious history of corrupt pols. And so his family and friends, who sent more than 100 letters to the judge, face a challenge asking for mercy by offering sometimes-novel explanations for his bad behavior.
It’s his elder sister, Santita Jackson, who suggests her brother, 48, veered off course at the point of his greatest political triumph — when he won a House seat in a landslide in 1995 and entered Congress at age 30. Junior, she says, was better suited to the life he knew in his 20s pursuing a divinity degree at a Chicago seminary, which allowed him to take frequent breaks to think and ‘‘maintain his equilibrium.’’
‘‘Every day he was able to indulge in his passion of fishing — a serene and calming undertaking,’’ she writes.
She also blames persistent insecurities in her brother born of constant fear in adolescence that his dad, a confidant of assassinated civil rights icon Martin Luther King Jr., would himself be gunned down.
Former congressional aide Miryam Mesirow also wonders if Jackson’s decline began when the legislator had stomach surgery in 2004 and lost considerable weight. Some staffers noticed emotional changes afterward, she wrote.
Jackson’s mom, Jacqueline Jackson, describes becoming aware of her son’s unraveling a year ago, just before he disappeared from public view. Months later, he disclosed he suffered from bipolar disorder and resigned his House seat.
‘‘(I) found my son grossly underweight and in poor health,’’ she writes. ‘‘When I took him to his Capitol Hill office to prepare for (a) vote, the office was in total disarray, which was most unusual for my son.’’
Judges frequently hear compelling life stories at sentencing hearings, so it’s impossible to know if Jackson’s will carry any sway with his sentencing judge — U.S. District Judge Amy Berman Jackson. She could give Jackson probation or impose the maximum sentence — five years in prison.
The Harvard-educated judge worked as a private attorney in Washington before taking her seat on the bench in 2011. Her clients included now-imprisoned former Congressman William Jefferson, who gained notoriety after FBI agents found $90,000 in his home freezer wrapped in aluminum foil.
Also stepping before her Wednesday will be Jackson’s 49-year-old wife, a former Chicago alderman with whom the former congressman has two school-aged children. She pleaded guilty to filing false tax returns in connection to the misspent funds and prosecutors want a 18-month term for her
The audaciousness of their behavior and apparent greed could count against both husband and wife.
The combined salaries of Jackson and his wife were more than $300,000 during much of the time they were burning through donors’ money.
Jackson, who was fond of presenting himself as a champion of the poor, spent $43,350 on the Rolex; an avid cigar smoker, he spent $17,000 on tobacco products.
Dozens of angry Illinois voters weighed in with letters of their own, arguing against leniency.
‘‘I am aware that bipolar disorder can cause mood swings,’’ wrote Philip C. Basil. ‘‘Can it also cause a lapse in honesty?’’
In their own filings, prosecutors took particular umbrage at defense claims that Jackson’s misdeeds were ultimately victimless. Jackson betrayed voters, they told the judge, and he undermined the democratic process by shaking public confidence in the nation’s campaign-finance system.
They also dismiss the notion Jackson’s bipolar disorder accounts for his improprieties.Continued...
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Old 08-14-2013, 07:57 AM   #2
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Default Re: Ex-Congressman Jesse Jackson Jr. faces sentencing

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Originally Posted by MasterOfPuppets View Post
total freakin bullshit...the fact that this scumbag could get nothing but probation for STEALING 750,000 dollars is just mind boggling. even 5 years in a cushy minimum security prison is bullshit.
i've always been of the opinion that people in positions of authority such as police , judges, politicians and even CEO's should get double the punishment of an ordinary citizen because they have jobs where we don't have a choice but to trust them.
It does not appear there is any realistic chance of JJ, Jr. getting probation


Prosecutors want him to serve four years in jail, while Jackson has asked for a "lenient" sentence below the guidelines range of 46 to 57 months.


http://legaltimes.typepad.com/blt/20...rnoon%20Update

A 4 year sentence for a guilty plea to a non-violent crime is no slap on the wrist for the amount of $$$ involved. Sentences for defendants such as Bernie Madoff and Jeffrey Skilling (Enron) were bigger but involved much larger amounts of $$.

The federal sentencing guidelines, which are advisory and not binding upon the sentencing judge, do provide for an increase in the calculated guidelines range sentence when the defendant convicted of accepting a bribe is elected or is in a high-level decision-making (such as a prosecuting attorney, a judge, or an agency administrator) or sensitive (such as a juror, a law enforcement officer or an election official) position.

http://www.ussc.gov/Guidelines/2010_...HTML/2c1_1.htm

As far as why white collar guys go to jail for less time, blame Congress - if they wanted to impose lengthy mandatory minimum sentences for this type of crime they could do so. Instead they reserve those whacks for drug defendants and perps with firearms.
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Old 08-14-2013, 03:08 PM   #3
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Default Re: Ex-Congressman Jesse Jackson Jr. faces sentencing

Former US congressman Jesse Jackson Jr has been sentenced to 30 months in prison for misusing campaign funds.

http://www.bbc.co.uk/news/world-us-canada-23700945
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Old 08-14-2013, 03:55 PM   #4
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Default Re: Ex-Congressman Jesse Jackson Jr. faces sentencing

A below the guidelines sentence of 30 months for JJ, Jr., may not be bad, but in terms of not being held accountable this is even better

The London Whale’s Bizarre Escape

For most of its sixteen-month life as a major financial news story, the "London Whale" trading-loss saga at J.P. Morgan has had one primary antihero: Bruno Iksil, the Whale himself.

As the guy who made a massive credit bet that ultimately lost his employer $6 billion and caused a major PR headache for the bank, Iksil has rightly been seen as the center of the scandal, and the person easiest to implicate in its wake
...
So it's a bit confusing that although two of Iksil's former colleagues were charged by federal prosecutors this morning, Iksil himself will face no charges for his role in he mess. The reason is simple: He agreed to snitch.
Prosecutors are expected to charge Javier Martin-Artajo, a Spaniard who led the team that made the disastrous trades, and Julien Grout, a Frenchman responsible for recording and distributing daily values on the group's positions. They don't, however, plan to bring charges against Bruno Iksil, who made the wagers that earned him the nickname, according to a person close to the situation ... The decision not to prosecute Mr. Iksil suggests the former trader has emerged as an important witness.
This is kind of nuts! As a reminder, the relevant part of the J.P. Morgan org chart during the London Whale fiasco looked something like this. (I've labeled the people who are reportedly going to face charges in red, the others in blue.)



So, okay, let's assume only the bottom four traders knew the ins and outs of the London Whale's bad bets. It is truly bizarre that of these four, only two are being charged criminally. ...

Macris and Iksil — the two who are apparently dodging charges — were no less involved than their colleagues in what happened with the London Whale, according to everything we know about the case. Macris was the boss who oversaw the creation of the Whale's massive portfolio, and approved of its maneuvers at every step. And Iksil, you know, was the Whale. He did the trades! He presented the faulty risk model that masked the size of his losses! ...

But it's hard to bring a case when you don't have corroborating witnesses. On Wall Street, where few crimes take place in broad daylight, that often amounts to needing someone on the inside to testify. Iksil was willing to turn on his colleagues, and he's being rewarded lavishly for it.

The fact that he's being rewarded with complete immunity (by both the DOJ and the SEC), rather than just promises of leniency, shows what a premium authorities place on cooperation in financial fraud cases. They're so eager to nail someone for high-profile Wall Street wrongdoings that they'll even let the people after which those wrongdoings are named go free, as long as they'll willing to provide more iron-clad evidence against their colleagues...

[T]he DOJ and SEC's desperation in the London Whale case sets a troubling precedent for future criminal investigations on Wall Street.It turns out that you can commit plenty of sins on your own, as long as you have better dirt on your co-workers.


http://nymag.com/daily/intelligencer...re-escape.html
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Old 08-14-2013, 08:03 PM   #5
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Default Re: Ex-Congressman Jesse Jackson Jr. faces sentencing

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Former US congressman Jesse Jackson Jr has been sentenced to 30 months in prison for misusing campaign funds.

http://www.bbc.co.uk/news/world-us-canada-23700945
and there's no mention of him having to pay restitution. every asset he has should be seized , auctioned off and given to charity.
knowing how fuckin goofy the people are in this country i wouldn't be surprised if he ended back up getting re-elected when he gets out.
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Old 08-14-2013, 09:02 PM   #6
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Default Re: Ex-Congressman Jesse Jackson Jr. faces sentencing

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and there's no mention of him having to pay restitution. every asset he has should be seized , auctioned off and given to charity.
knowing how fuckin goofy the people are in this country i wouldn't be surprised if he ended back up getting re-elected when he gets out.
He has to forfeit $750,000 - restitution was not ordered in an additional amount above the $750,000 he is required to forfeit for illegally spending that amount in campaign cash - if he cannot come up with the $750,000 the judge will revisit the issue of whether 2 houses should be forfeited in October

Former Rep. Jesse Jackson Jr. was sentenced Wednesday to 30 months in prison for spending $750,000 in campaign cash on personal expenses, while his wife was sentenced to a year for tax fraud....

Judge Jackson ruled she would not order restitution in the case, saying the campaign is Jackson's "alter ego" and there is no other real victim. Jackson still must pay forfeiture.

"There is no question that the defendant should not profit," the judge said, "and that his ill gotten gains should be completely disgorged."...

Federal prosecutors said they will revisit the issue of seizing the couple's two homes after Oct 25. Prosecutors announced in June they wanted to include the Jacksons' two homes in forfeiture proceedings as they seek $750,000 in restitution.

Attorney Weingarten objected to the idea of appointing a lawyer to monitor the forfeiture issue, saying Jackson is working hard to satisfy the $750,000 before he has to go away to prison.


http://www.nbcchicago.com/blogs/ward...219542771.html
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