Mystery Money for JJJr
- A year ago, former Rep. Jesse Jackson Jr.'s attorneys said his family was in "significant financial peril" as he and his wife, Sandi, awaited sentencing for looting $750,000 from his campaign coffers.Jackson had to come up with that amount to pay a court judgment. Prosecutors wanted to seize the equity in the couple's two homes if he didn't.
The Chicago Democrat ponied up $200,000 before he entered prison last fall. Then he paid off the balance with a $550,000 wire transfer in late May, while keeping both his houses.
The Jacksons aren't saying where the $550,000 came from, but a Tribune investigation points to a mysterious lending company created at a law firm used by Michael Milken, the convicted "junk bond king" of the 1980s who is a longtime friend of the Jackson family.
Must be nice to have rich friends who can pony up three-quarters-of-a-million at a moments notice.
Labels: state politics
posted by SCC at 12:01 AM
51 Comments:
Anywhere else and this would raise a red flag, but not here in the corrupt Land Of Stinkin'.
"Chicago Democrat"
A two word combination that always signals trouble.
Some communities just don't know any better than to elect criminals to office.
I meant Daley. But I know what you were thinking.
Just a glimpse into how deep and tangled things have become in this country.
A true "Den of Thieves"
The new Kennedy's...
The Black Version.
Damn...
Wish Policemen had friends like that...
In regards to this subject someone sent me this article
IT PAYS TO BE CRAZY
Do you remember Convicted Felon Dan Rostenkowski the congressman who screwed with government employee Social Security Benefits?
He collected his 6-figure congressional pension while in jail.
How in Gods name do they do it ?
Right in front of our eyes. Like the kid who takes the "bully's" brunt every day and never fights back and just gives up his lunch money.
You ask, how do dictators come about, from where?
The answer may be nearer than you think.........
PS: Don't forget to vote
Jessie is so proud of his son and if Obama had a son--he would look and act just like Jessie Jr.!
………………and others fight for years to get the minimum disability monthly allowance………………………sickening………………and ARE disabled.
...Nothing to see hear, no need to have news coverage of this....
Jesse Jackson Jr. to Grab $8,700 Per Month in Disability, Plus a $45,000/yr Pension In Prison
Convicted Congressman Jesse Jackson Jr. (D-IL) is scheduled to receive $8,700 per month in government disability pay, as well as a partial federal pension of $45,000. That generous $8,700 in disability comes thanks to Jackson’s sudden development of a "mood disorder" as the federal government began looking to indict him. Jackson, who was sentenced to 2.5 years in prison, had no history of mental illness during his prior 17 years in Congress. Rev. Jesse Jackson has defended his son’s claims of mental illness, stating to the court, " This time a year ago I thought we may have lost him."
So, Jesse Jackson, Jr. 17-year veteran of the US Congress, suddenly gets a "mood disorder" (about the same time he learned he was to be indicted) and is going to prison for 2.5 years.
Because his "mood disorder" was so severe, he has become disabled and will receive $8,700 per month as a disability payment as well as $45,000 a year from his congressional pension, a total of about $150K per year. Is this a great country or what?
By the way, I have had a rather substantial "mood disorder disability" ever since Obama got elected in 2008. I have not committed any felonies, have not been convicted and sentenced to prison and I don't get squat..... other than a higher and higher tax bill every year and the privilege of watching our federal deficit grow every day of the year.
8,700 X 12 = 104,400 + 45,000 = $149,400 a year for the rest of his life. . . . .. PAID BY US!
I am still amazed that Blago, who did not take any money, is still sitting in prison, while these two con artists only got 12 mos of prison!
Anonymous said...
The new Kennedy's...
The Black Version.
7/12/2014 02:27:00 AM
True Dat Papi
how about givin' some of dat money to the 'community' so they stop shottin' each other?
He would make a perfect mayor!
JJ Sr. traded a lot for this one.
Once again, there's a Pot O' Gold at the end of the Rainbow(Coalition)
Shake down money
Hard to feel sorry for this assbag knowing with his pensions, he's making more while in jail than most of us will in a lifetime!
Friends don't let friends languish
in jail, especially if, oh what the
hell.
White Privilage.....er wait.
He better claim it on his income tax
Since 1965, the American taxpayer has spent $20.7 Billion on the "War on Poverty." As with any government program, activists who are closely connected with the program suddenly become very wealthy, like Jesse Jackson, Jr. who went from storefront preacher to a condo in Water Tower Place. Jesse worked closely with third-world Dictators who taught him how to stash government-grant money away for emergencies, like when your boy gets thrown in the joint.
Where's the so-called "Investigative Reporting" from the main-stream media?
And now doesn't he have to pay income taxes on that, you know it won't be paid back
No pardon from Clinton or Bush.......I'd bet the mortgage (pun intended) that Mikey gets one from Barry
The old man probably shook him down for it !!!
Doesn't his brother have a Budweiser distribution center, he could have given it to him.
Seems like a rich friend gave him a mortgage. He's good for it. I'm sure after he gets out of the hoosegow he will start making speeches and writing books for good money.
I never liked the little guy, but I do believe he's mildly mentally ill. Now I still don't like him, but I almost feel bad for him because of who his asshole daddy is.
There have been suggestions that one of his formerly beer distributor owning brothers would run for office. YIPPPPEE.
Like other political dynasties in this country Daley, Clinton, Bush, Romney, Kennedy etc etc I'm sure future Jacksons shall run for office. They all believe they're entitled. How can the country survive without them?
Who cares? Are there Public Funds associated with this? No. Surprised the rest of the family didn't give them money. Liquor distributorship makes that in a weekend.
I would bet my left one that Rainbow Push is behind that money.
He will run for office either city or statewide and be elected.....the shitcago way
STATE OF ILLINOIS -- A new report from the Illinois Policy Institute shows the state is losing residents quickly.
According to the report, more than 850,000 people have left the state since 1995; that number is calculated after including the number of people who have moved into the state.
That averages out to one person leaving every 10 minutes.
The report is based on data from the U.S. Census Bureau.
* * *
The report also says Illinois has created about 1,200 jobs over the last 10 years.
By comparison, the state of Texas has created about one million jobs in that same span
14yrs for Blago! Less then 4yrs for both Jesse jr and wife sandy combined! All for the same Fukn Golden Goose, obamas senate seat, one trying to sell the other trying to buy. WTF! How fair is our Justice System?
He's in prison for shear incompetence. All he had to do was take a little more (or keep less) from the campaign fund to cover paying the taxes. By not paying the taxes he left himself open to someone that wanted to attack him and take him out of the political game.
Shitbags helping Shitbags - the latest government-help program
the upper 1/2 per cent. they sure do relate to us don't they.
Who cares? Are there Public Funds associated with this? No.
7/12/2014 10:53:00 AM
Ummmm, yes.
Even Daley is using the "I'm too nuts to be in jail" excuse. So JJSr & broham Jon wouldn't part with their own money to him help out ?
Well, at least somebody paid up.
Now, which Jackson is putting together an public return.
Which reminds me, Quinn just plopped down another $35 million for an airport they hope to build near, where else...Peotone.
The Jackson family will be making a shit load of money once the third airport that's being built, which no one is talking about starts to progress more. Wonder how much pension money will be diverted by way of a TIF fund to build the useless thing.
>>>Anonymous said...
STATE OF ILLINOIS -- A new report from the Illinois Policy Institute shows the state is losing residents quickly.
According to the report, more than 850,000 people have left the state since 1995; that number is calculated after including the number of people who have moved into the state.
That averages out to one person leaving every 10 minutes.
The report is based on data from the U.S. Census Bureau.
* * *
The report also says Illinois has created about 1,200 jobs over the last 10 years.
By comparison, the state of Texas has created about one million jobs in that same span
7/12/2014 12:17:00 PM<<<
Which leaves room, like empty Section 8 housing in beautiful new luxury condos and so on for all those dependent on governemnt handouts that the Democommunists want to force down out throats.
No more factories, they create polution along with paychecks send them to China but we got plenty of LINK cards.
Question: Is Sandi Jackson getting a City of Chicago pension and benefits?
What bank or lending institution would lend 750K to a person with no job AND who is in the penitentiary? Why don't the feds look deeply into this matter?
Anonymous Anonymous said...
No pardon from Clinton or Bush.......I'd bet the mortgage (pun intended) that Mikey gets one from Barry
7/12/2014 09:42:00 AM
I'll take that bet. You seem to have forgotten what daddy said about Obama during the original campaign. Junior's case and his sentence are the 'revenge, a dish best served cold'.
B.H.O. Printed some extra currency. The Chicago connection.
A presidential pardon for JJJr. may be one of the last official acts of BHO before setting torch to the White House as he leaves.
Then JJSr. will owe him and it will help set the stage with local Democommunists for his triumphant return to Chicago.
In regards to presidential pardons…
A few years ago at his retirement party, Father Thomas Nangle gave an eloquent sermon. Among the things he spoke of was the tragedy of the William Cozzi case. Rahm was not there but McCarthy was there.
I confronted Mr. McCarthy and handed him one of the yellow paper ribbons that were popular at the time that said, "POLICE LINE - DO NOT CROSS - FREE BILL COZZI".
He wasn't as tall as I expected and in the dim light of the banquet hall he had trouble reading the ribbon.
I asked him for the sake of the sagging morale of the Department if he would ask his boss Rahm to call his former boss BHO and ask for a pardon for Bill.
His response, "I'll talk to him."
Well, Mr. McCarthy; what did Rahm say when you asked?
Yeah right. Seems like cops don’t get breaks.
Anonymous said...
Who cares? Are there Public Funds associated with this? No.
7/12/2014 10:53:00 AM
Ummmm, yes.
7/12/2014 05:00:00 PM
Uhh, no. It was a loan from one of Michael Milken's shell companies. JJJ is paying his debt to society for his Publc funds transgressions, If some clouted up ex-con wants to give him a loan, I don't care as long as it doesn't break the law.
That $550K and the $200K (if it's a loan too) are INCOME - need to be declared on the 1040...
">>>Anonymous said...
STATE OF ILLINOIS -- A new report from the Illinois Policy Institute shows the state is losing residents quickly.
According to the report, more than 850,000 people have left the state since 1995; that number is calculated after including the number of people who have moved into the state.
That averages out to one person leaving every 10 minutes.
The report is based on data from the U.S. Census Bureau."
since 1995, so 19.5 yrs right? and 1person per 10minutes leaves...lets do the math.
19.5 years x 365days/yr x 24hrs/day x 60minutes/hr =
24x60=1440 minutes/day
1440x365=525,600 minutes/yr
525600x19.5=10,249,200 minutes(in 19.5yrs)
850,000 people in 19.5 yrs or..
850,000 people in 10,249,200 minutes
850,000 divided by 10,249,200 =
0.0829333 people per minute
which would be 0.8293333 people per 10 minutes.
(somebody check my math???)
so yeah , they're right, its more like 1 every 12 minutes but close enough....
And when Tri-J gets out, he'll be elected into another office.
Remember Marian Barry, DC Mayor caught on FBI tape in a hotel room doing coke with a ho?
His famous on-the-spot blurted out alibi..."The bitch set me up!"
Josef Jackson "the King do Beers" sold his Bud franchise so he can concentrate of running for congress so he too can get that free congressional pension and medical
Stupid JJJJ bought all that phony Michael Jackson and cowboy shit on Maxwell Street with his campaign money so the US Marshal Service couldn't sell any of it to the public. We should change his name from Junior to Chump.
That $550K and the $200K (if it's a loan too) are INCOME - need to be declared on the 1040...
7/13/2014 12:52:00 AM
A gift is income. A loan is not.
Do you declare your mortgage loan as income? No, you don't, because it's a LOAN.
Yea and if he doesn't make big and often enough payments with interest the IRS can claim a tax dodge. But will the old man Jackson permit the Feds? After all poor Jr already did 9 months in jail for Christ sakes! 14yrs in jail is for the Elvis impersonator and white chumps like Blgo.
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