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Convicted Ex-Rep. William Jefferson Files for Chapt. 7 Bankruptcy

Ironically, this highly educated Harvard Law School grad who pursued the almighty dollar at any cost, has now filed for bankruptcy. It is the latest chapter in a sad tale of a man who had so much going for him.

William J. Jefferson

William J. Jefferson

By Frank Donze
New Orleans Times-Picayune
NEW ORLEANS — Faced with a recent federal court ruling that he can be held liable to forfeit nearly $500,000 in bribe money, convicted former U.S. Rep. William Jefferson and his wife, Andrea, have filed for Chapter 7 bankruptcy protection.

Jefferson, who was found guilty of 11 of 16 counts of corruption last month in a Virginia courtroom, filed paperwork on behalf of himself and his wife last week in U.S. Bankruptcy Court stating that the couple have debt of between $1 million and $10 million.

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