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Former US lawmaker Jackson Jr admits fraud

Former US congressman Jesse Jackson Jr, the son of the well-known civil rights leader, pleaded guilty February 20, 2013 to misusing $750,000 in campaign funds, including by buying himself a gold Rolex watch.Former US congressman Jesse Jackson Jr, the son of the well-known civil rights leader, pleaded guilty to stealing $750,000 in campaign donations to fund a lavish lifestyle. The admission capped a stunning fall from grace for the Illinois Democrat who was once a rising national star but resigned under a cloud in November after 17 years in the House of Representatives.