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Ex-mayor gambled away $1 billion (San Diego)
UT San Diego ^ | February 14, 2013 | Greg Moran

Posted on 02/14/2013 1:31:57 PM PST by rightwingintelligentsia

SAN DIEGO — Former San Diego Mayor Maureen O’Connor 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.

O’Connor, 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 O’Connor, 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 ...


TOPICS: Crime/Corruption; Government; US: California
KEYWORDS: democrat; gambling; maureenoconnor; mayormo; sandiego
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1 posted on 02/14/2013 1:32:07 PM PST by rightwingintelligentsia
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To: rightwingintelligentsia

wow... it takes some skill to lose a BILLION dollars


2 posted on 02/14/2013 1:35:53 PM PST by GeronL (http://asspos.blogspot.com)
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To: rightwingintelligentsia

Hmmm, no party affiliation mentioned.


3 posted on 02/14/2013 1:35:53 PM PST by dfwgator
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To: rightwingintelligentsia

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


4 posted on 02/14/2013 1:36:39 PM PST by Hot Tabasco (Jab her with a harpoon or just throw her from the train......)
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To: rightwingintelligentsia

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.


5 posted on 02/14/2013 1:36:54 PM PST by married21
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To: rightwingintelligentsia
O’Connor, a Democrat who served two terms...

Wow, they did mention it. *shocked*

6 posted on 02/14/2013 1:37:10 PM PST by Zack Attack
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To: rightwingintelligentsia

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.


7 posted on 02/14/2013 1:37:43 PM PST by jessduntno ("If you give listeners a choice between NPR and NPR, they’ll pick NPR every time." - Howie Carr)
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To: rightwingintelligentsia
Under terms of O’Connor’s deferred prosecution, she has to undergo psychiatric treatment for gambling addiction, obey all laws and try to pay back the money.


"Your honor, I've tried harder than I ever have in my life and I just couldn't pay back any of that money..."
8 posted on 02/14/2013 1:39:48 PM PST by rottndog ('Live Free Or Die' Ain't just words on a bumber sticker...or a tagline.)
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To: jessduntno

was married...


9 posted on 02/14/2013 1:39:48 PM PST by GeronL (http://asspos.blogspot.com)
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To: rightwingintelligentsia

Surely that number can’t be right even for such a timeframe . . . won and lost a billion?!


10 posted on 02/14/2013 1:39:56 PM PST by AtlasStalled
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To: rightwingintelligentsia

Since her party affiliation is not listed, I presume she’s a Dem?


11 posted on 02/14/2013 1:40:16 PM PST by ZirconEncrustedTweezers (I'll stop being a cynic when the world stops giving me reasons to be cynical.)
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To: GeronL
It also takes some incredible amount of assets.

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.

12 posted on 02/14/2013 1:40:24 PM PST by boop ("You don't look so bad, here's another")
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To: GeronL

I doubt she was playing the penny slots.


13 posted on 02/14/2013 1:41:15 PM PST by rightwingintelligentsia (Truth/Lies; Liberty/Tyranny--WHAT DIFFERENCE DOES IT MAKE??)
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To: boop

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.


14 posted on 02/14/2013 1:43:44 PM PST by GeronL (http://asspos.blogspot.com)
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To: rightwingintelligentsia

This is my family.
She was Bob’s third wife and a huge mistake.
Shame on her.


15 posted on 02/14/2013 1:46:19 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: GeronL

You’re so wrong.


16 posted on 02/14/2013 1:46:58 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: GeronL

No it doesn’t. Democrats do it all the time............


17 posted on 02/14/2013 1:47:06 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: AtlasStalled

Ask Jon Corzine DEMOCRAT....


18 posted on 02/14/2013 1:47:38 PM PST by Osage Orange (MOLON LAVE)
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To: GeronL

Maybe she lost a billion of her own money and “only” stole two million


19 posted on 02/14/2013 1:50:27 PM PST by winodog (Thank you Jesus for the calm in my life)
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To: Red Badger

Of course, “It’s okay when THEY do it”. :p


20 posted on 02/14/2013 1:51:14 PM PST by GeronL (http://asspos.blogspot.com)
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