According to CBS News:
John Edwards was on the verge of accepting a plea deal, according to reports, from federal prosecutors who last week charged him of using more than $900,000 in campaign contributions to keep his pregnant mistress out of sight during his 2008 run for president.Read the entire CBS News story here.
Just before Edwards was indicted Friday, prosecutors gave him a chance to plead guilty to just three misdemeanor charges, the Raleigh News and Observer reports, citing multiple unnamed sources familiar with the investigation. The deal likely would have allowed the former Democratic vice presidential nominee to keep his law license, but he would have had to serve up to six months in prison.
CBS affiliate WRAL News reported the same details of plea deal negotiations. The deal reportedly fell through because Edwards and his team wanted at least a chance to argue before a judge for an alternative to prison time, such as home arrest.
For most of the negotiations, prosecutors reportedly wanted Edwards to admit to at least one felony, which may or may not have included prison time. Edwards, however, reportedly does not believe he committed a felony.