We've been hearing rumors for weeks, and as of 8:15pm Tuesday evening, the rumors are apparently true.
The Charlotte Observer is reporting that Jim Black will plead guilty to one count of accepting illegal gratuities.
"Since somebody is talking who shouldn't have and has leaked what's happened, I will confirm that Dr. Black will enter a guilty plea to accepting illegal gratuities in federal court on Thursday," [Black's attorney, Charlotte lawyer Kenneth Bell] said.
According to The Observer, this felony charge could carry a sentence of up to 10 years in prison and a $250,000 fine.
Black will have to resign his seat and it will be left to the Mecklenburg County Democratic Party executive committee to fill the vacancy.
I'm sure we'll be hearing much more about this in the coming days...stay tuned for more.