Jesse Jackson Jr. to Sell Home to Pay Fines

Will report to prison next month

Former U.S. Rep. Jesse Jackson Jr., who is set to report to prison next month, has agreed to sell his Washington, D.C., home and use the proceeds to help pay a $750,000 fine stemming from his conviction for stealing from his campaign fund to fund a lavish lifestyle.

In a filing Friday in U.S. District Court for the District of Columbia, Jackson's attorneys say their client has so far been unable to find the funds to pay the fine, and Jackson is now looking to sell his Washington, D.C., residence. Jackson is also agreeing to pay $200,000 by Nov. 1, according to the filing. Part of that money will be raised by liquidating an investment account, according to the filing, which seeks to increase the time Jackson has to pay his fines.