"I've made mistakes but that was 18, almost 20 years ago," Reynolds said, referring to his convictions of fraud and having sex with a minor.
On Wednesday, Reynolds announced he is running for the congressional seat vacated by Jesse Jackson Jr.
He joins a list of candidates vying for the seat.
Also running-- or considering running-- for the 2nd Congressional District are former U.S. Rep Debbie Halvorson, state Senator Toi Hutchinson, state senate-elect Napoleon Harris, Alderman Anthony Beale and Jackson's brother, Jonathan Jackson.