Federal prosecutors Friday filed felony charges against former U.S. Rep. Jesse Jackson Jr., alleging the illegal misuse of about $750,000 in campaign funds for personal expenses and gifts.

The formal charges of conspiracy, making false statements, and mail and wire fraud, were made public in federal court only days after Jackson had signed a plea deal with prosecutors who were investigating potential financial improprieties.

After the charges were filed Friday, Jackson issued a statement accepting responsibility for making mistakes and bad decisions. He did not dispute prosecutors' allegations.

The charging document filed in Washington says the Illinois Democrat purchased a variety of luxury items, including furs and Michael Jackson memorabilia with campaign funds.

Campaign credit cards were used to purchase $582,772 for personal expenses, according to the document.

Prosecutors contend Jackson and his wife, Sandra Stevens Jackson, tried to conceal conversion of the money for personal benefit.

Among the more expensive items listed are a gold-plated Rolex watch valued at more than $43,000 that Jackson purchased for himself. He also purchased nearly $9,600 worth of children's furniture with campaign funds, the court document says. More than $5,000 in fur capes and parkas were bought from Beverly Hills, the prosecutors said.

If convicted, according to the document, Jesse Jackson Jr. would forfeit $750,000 and a list of specific property that had been purchased. That includes a Michael Jackson hat valued at $3,900; a Michael Jackson fedora, valued at $4,600; a football signed by U.S. presidents, worth $5,000; the Rev. Martin Luther King Jr. memorabilia, totaling more than $10,000; and many other items from Michael Jackson and Bruce Lee collections.

Jackson will not have to appear in U.S. District Court in the District of Columbia until his case is assigned to a judge, who will set a date to take Jackson's plea.

Officials say it will be up to that judge to determine whether Jackson will serve any prison time. Under applicable federal laws, he could receive only probation or up to a theoretical maximum of five years.