Skip to comments.Ex-mayor gambled away $1 billion (San Diego)
Posted on 02/14/2013 1:31:57 PM PST by rightwingintelligentsia
SAN DIEGO Former San Diego Mayor Maureen OConnor took $2 million from a nonprofit foundation to feed a gambling addiction in which she lost more than $1 billion over an eight-year period, federal prosecutors said Thursday.
OConnor, 66, appeared in federal court and pleaded not guilty to a money laundering charge as part of a deferred prosecution. Under the arrangement with federal prosecutors, she has two years to repay the $2 million taken from the R.P. Foundation, a nonprofit set up by her late husband, Robert O. Peterson.
Peterson was the co-founder of the Jack-In-The-Box restaurant chain and later Southern California First National Bank Corp., which eventually became part of the Union Bank empire.
Prosecutors said OConnor, who is in poor physical health, had $1 billion in gambling winnings between 2000 and 2008, but she posted losses during the same period that were greater than that amount. They described her as destitute.
(Excerpt) Read more at utsandiego.com ...
wow... it takes some skill to lose a BILLION dollars
Hmmm, no party affiliation mentioned.
Let the mob deal with her first and if she’s still alive, throw her in jail, confiscate all her assets and all of her family’s assets........Unbelievable
I remember when mayor Mo was caught in the middle of a drought with two water meters on her house. Don’t know what the fallout from that was. Probably nothing much.
Wow, they did mention it. *shocked*
Knew it wasn’t one of ours or it would have said Republican Mayor....
Buried in the article;
O’Connor was the Democratic leader of California’s second-largest city from 1986 to 1992. The two-term mayor was elected San Diego’s first female leader after eight years on the City Council. She was married to Robert O. Peterson, founder of the Jack-In-The-Box restaurant chain.
Surely that number can’t be right even for such a timeframe . . . won and lost a billion?!
Since her party affiliation is not listed, I presume she’s a Dem?
1 billion over 8 years is 125 million per year. Now how did she do that after stealing only 2 million?
I doubt casinos take personal checks in that amount.
I doubt she was playing the penny slots.
She probably never had much more than $2 million at any one time. Sounds like she was gambling daily. Over 8 years she won and lost around a billion. Pretty much could be the same money over and over and over.
This is my family.
She was Bob’s third wife and a huge mistake.
Shame on her.
You’re so wrong.
No it doesn’t. Democrats do it all the time............
Ask Jon Corzine DEMOCRAT....
Maybe she lost a billion of her own money and “only” stole two million
Of course, “It’s okay when THEY do it”. :p
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