Feds To Auction Jackson Jr. Collection, Including Michael Jackson, Bruce Lee Mementos
Featured & Trending:
Latest News Headlines:
WASHINGTON (CBS) – The U.S. Marshals Service is selling 13 items from the Jesse Jackson, Jr., fraud conspiracy case via an online auction.
The auction begins on Tuesday and ends Sept. 26.
Items for sale include memorabilia autographed by Michael Jackson and Bruce Lee and fur coats and capes. Bids for the items start at $135 to $350 but could go much higher.
Net proceeds from the sale of these assets will be subtracted from the $750,000 money judgment against Jackson that was filed in federal court Aug. 19, the U.S. Marshals said in a news release.
Jackson pleaded guilty in February in U.S. District Court in the District of Columbia to conspiring to defraud his re-election campaigns of about $750,000 in funds that were used to pay for personal items and expenses.
Rather than using donated funds for legitimate campaign expenses, he used a substantial portion for personal expenditures.
Jackson was sentenced in August to 30 months in prison.
CBS 2 legal analyst Irv Miller says Jackson Jr. faces potentially losing cash assets and property if the auction doesn’t square him with the government.
“He’s hoping for some bidder out there that has a special interest in some of these items that will yield some funds that are well beyond their fair market value,” Miller says.