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The National Enquirer, which so far has been correct with every aspect of the John Edwards/ Rielle Hunter scandal, reports that a grand jury is ready to indict Edwards for violations of campaign finance laws. Edwards allegedly used campaign funds to pay hush money to cover up the affair.  They report:

The ultimate fall from grace, a Federal grand jury is about to indict John Edwards, The ENQUIRER has learned exclusively.

In another shocker, close sources say Edwards’ estranged wife Elizabeth could help send the former presidential candidate to jail!

Edwards, the disgraced two-time Presidential loser, is being investigated by the feds, including the FBI and IRS for possible campaign violations related to paying his mistress Rielle Hunter.

The grand jury has been meeting since April 2009, and insiders say an indictment is imminent.

“John is terrified that he’s going to be indicted,” a friend told The ENQUIRER.

“While he believes he’s done nothing illegal in trying to hide his extramarital affair with Rielle and their daughter, he thinks the Feds are going to make an example of him.”

This could be tragic. I do not believe that prison barbers will be up to Edwards’ standards.

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CNN reports that an Edwards spokeswoman denies the earlier report that John Edwards has proposed to his mistress Rielle Hunter:

Former Sen. John Edwards’ spokeswoman flatly denied a story in the National Enquirer Wednesday that claimed the 2004 Democratic vice presidential nominee is engaged to his mistress, Rielle Hunter.

The Enquirer reported that Edwards proposed to Hunter on the day he told her that he would publicly acknowledge being the father of their child, Frances Quinn.

Edwards was taking steps to run for the 2008 Democratic presidential nomination when he began his affair with Hunter, a videographer. The former senator denied that he was the father of Frances Quinn for more than a year, but he acknowledged paternity late last month.

Edwards and his wife, Elizabeth, have legally separated.

“John has said that when his divorce is final, he’ll buy her a diamond ring,” the Enquirer quotes a ‘close source’ in the story as saying about the marriage proposal. “But in the meantime, he’s getting them a house.”

But Joyce Fitzpatrick, an Edwards spokeswoman, said in an e-mail to CNN that the report was “absolutely untrue.”

This may or may not apply here, but it should be noted that several times in the past John Edwards has denied report published by The National Enquirer which were later verified as true.

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It seems to be a pretty safe bet that John Edwards has given up all thought of making a political comeback after this story. The National Enquirer (which, despite its reputation, has been right from the start on this story) reports that he has asked Rielle Hunter to marry him:

John Edwards has proposed to his mistress Rielle Hunter, and is buying a luxury $3.5 million beachfront home where they can live happily ever after with their love child, The ENQUIRER has learned exclusively.

The disgraced presidential candidate popped the question at the same time he told Rielle that he’d be issuing a press statement finally confirming he fathered her daughter Frances Quinn, close sources told The ENQUIRER.

Edwards, 56, released that statement on Jan. 21, and just six days later a spokesperson for his cancer-stricken wife Elizabeth confirmed the couple had legally separated after 32 years of marriage. Sources say they expect to be officially divorced within a year, paving the way for the ex-senator to make Rielle, 45, his wife.

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There has been talk about a sex tape with John Edwards and Rielle Hunter since last June but it is being discussed more today, probably due this item in the report from Gawker:

Sources have told us that, in the throes of their affair, John Edwards and Rielle Hunter made a sex tape that contains “several sex acts.” And that his aide, Andrew Young found it on an unmarked DVD.

The tape, say both our sources, is explicit and reveals that Edwards “is physically very striking, in a certain area. Everyone who sees it says ‘whoa’. She’s behind the camera at first.”

Such stories are bound to help provide publicity for Andrew Young’s book, The Politician, which is scheduled to be released on February 2. At least John Edwards might have a one day reprieve as people will be paying far more attention to the season premiere of Lost than to him on that date.

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