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Michael Milken lent money to Jesse Jackson Jr.?
That's the gist of this Chicago Tribune article today, "Mystery loan lets Jacksons keep both homes":
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.
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.
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