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Tag: bankruptcy

Convicted Ex-Rep. Jefferson Wants to Keep Worldly Posssesions Including Wedding Rings and Gun

William J. Jefferson

William J. Jefferson

By Allan Lengel
ticklethewire.com

Convicted ex-Congressman William Jefferson may be facing some serious prison time, but that hasn’t stopped him from trying to keep some of his worldly possessions including his and his wife’s wedding rings and a gun, according to the New Orleans Times-Picayune.

The paper reports that Jefferson is scheduled on Dec. 9 to appear in U.S. Bankruptcy Court in New Orleans to argue to keep some possessions.

Will Jefferson, 62, be in prison by Dec. 9? Who knows. But it’s not likely. He’s scheduled to be sentenced in Alexandria, Va. on Nov. 13 after being convicted on 11 of 16 corruption charges, and it’s likely that the judge will give him a little bit of time to report to prison.

Jefferson is likely to get at least 10 to 12 years in prison, though it could be a lot more. The guidelines call for a sentence that exceeds 20 years. To read more about his bankruptcy click here.

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.

For Full Story

See Bankruptcy Filing