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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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To: onyx

lol. I hope I came across as sarcastic


21 posted on 02/14/2013 1:53:09 PM PST by GeronL (http://asspos.blogspot.com)
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To: ZirconEncrustedTweezers
"Since her party affiliation is not listed, I presume she’s a Dem?"

Down in paragraph 9 (NINE): "O’Connor, a DEMOCRAT who served two terms as mayor from 1986 to 1992, is accused of transferring $2 million from the foundation beginning in September 2008 and March 2009. She never repaid the money."

Of course, if she had been a Republican, it would be mentioned in the headline!

22 posted on 02/14/2013 1:53:52 PM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: rightwingintelligentsia

I am a long time resident of San Diego and I have always hated that phony. I remember when she was mayor she did everything she could to block the Indian tribes from building a casino in San Diego. She was holier than thou speaking against the evils of gambling. Her dirt bag brothers were involved with card rooms in San Diego.

She is a lesbian and did not have two coins to rub together until she married a rich old geezer with cancer.

Roger Hedgecock defeated her in the mayoral race back about 1984. The the San Diego Union Tribune was owned by Helen Copley (another lesbian who got rich by marrying her boss, the newspaper owner). The newspaper got the political hack district attorney to indict Hedgecock on phony campaign law viotations. He was convicted on one count and forced to resign. She steps in and becomes mayor. Hedgecock’s conviction was later overturned.

As mayor 0’Connor flew around the world visiting airports on “fact finding” tours and accomplished nothing. We still don’t have a decent airport, but she put on a Soviet Art Festival and a Faberge Egg show. She was a huge fan of Ted Kennedy. She makes Barbara Boxer look like a paragon of virtue.

I cannot wait to hear Rodger Hedgecock’s comments.


23 posted on 02/14/2013 1:55:31 PM PST by forgotten man (forgotten man)
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To: Osage Orange

Ask Jon Corzine DEMOCRAT....

Haha . . . good one! I guess it really IS possible to gamble away a billion.


24 posted on 02/14/2013 1:56:56 PM PST by AtlasStalled
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To: rightwingintelligentsia
Statement: "Ex-mayor gambled away $1 billion (San Diego)"

Response: A Democrat to boot!

Comment: By now it should be starting to dawn on a dumbhead here and there that Democratic politicians are vice addicts. Democrats possess every vice known to man whether single vices or combinations of multiple vices. (Usually the latter.)

25 posted on 02/14/2013 1:58:04 PM PST by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: GeronL
wow... it takes some skill to lose a BILLION dollars

Hell, Obama has done it millions of times. No big deal./sarc

26 posted on 02/14/2013 1:59:23 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: AtlasStalled

Or steal....................


27 posted on 02/14/2013 2:01:40 PM PST by Osage Orange (MOLON LAVE)
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To: GeronL

I took your post as sarcasm on a different thread today and left it un-replied for the good of the thread. :)


28 posted on 02/14/2013 2:02:11 PM PST by rightly_dividing
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To: boop

That’s about $330,000/ day. Such dedication.


29 posted on 02/14/2013 2:03:06 PM PST by muir_redwoods (Don't fire until you see the blue of their helmets)
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To: rightwingintelligentsia
While also being a typical thieving Democrat (your money is my money), she also represents one of the few criminal areas where women outnumber men: embezzlement or theft of private and public funds. I noticed this phenomenon myself about ten years ago. It seemed every other week in the papers there was a story about some bookkeeper or other trusted money manager who was caught embezzling large amounts of money. A great percentage of the time the crook turned out to be a female. I remarked about his curious phenomenon to a male co-worker who started keeping tabs as well. We were stunned how many times an embezzler turned out to be a woman.

When I finally mentioned this phenomenon to my wife, she spluttered with rage "men still commit most of the crimes and most of the violent crimes!" I admitted as much, but the facts are women are far ahead of men in this particular area for the last thirty years. Now whenever one of these stories crops up in the news and the perp is a man she shouts "see, men steal money too!" with enormous satisfaction. But I chuckle to myself about one crime where women outpace men. I'd be interested to know how many of these female embezzlers, like O'Connor, are Democrats as well.

30 posted on 02/14/2013 2:04:35 PM PST by driftless2
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To: forgotten man
Good post...

Interesting!!

I used to live in SoCal...( Orange Co. Riverside Co. )

Hedgecock used to have a radio show....He still around?

31 posted on 02/14/2013 2:05:47 PM PST by Osage Orange (MOLON LAVE)
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To: rightwingintelligentsia
A piker. Obama has gambled with other people's money and lost TRILLIONS.

Not a problem for Democrats. Both of them probably consider this a resume enhancement.

32 posted on 02/14/2013 2:07:13 PM PST by elkfersupper ( Member of the Original Defiant Class)
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To: rightly_dividing

was it one of the times I said happy VD?

(which I totally stole from Martin Pearman on Facebook)


33 posted on 02/14/2013 2:07:26 PM PST by GeronL (http://asspos.blogspot.com)
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To: rightwingintelligentsia

This article is piss-poor journalism

Are we to believe she stole $2 million, turned it into $1 BILLION, and then lost that entire amount? If not, where did that huge amount come from?

There is no explanation from their sensationalist headline.


34 posted on 02/14/2013 2:08:57 PM PST by PGR88
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To: forgotten man

I remember when that happened to Roger Hedgecock. I lived in San Diego county at the time. I had forgotten why I disliked her.


35 posted on 02/14/2013 2:08:59 PM PST by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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To: Osage Orange

yes, steal is a better choice of word. We certainly aren’t hearing much about that Corzine mess which was quickly swept under the carpet.


36 posted on 02/14/2013 2:10:49 PM PST by AtlasStalled
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To: GeronL
wow... it takes some skill to lose a BILLION dollars

How much has 0bama gambled away on Solyendra and the other "pie in the sky leftist schemes"? And I thought he had no skills. /s

37 posted on 02/14/2013 2:11:51 PM PST by The Sons of Liberty (It's not "GUN CONTROL"! It's "PEOPLE CONTROL"!)
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To: muir_redwoods

Well let’s see. If she gets a minimum wage job and pays back $100 a week, it will take only 384 years to pay back the $2 million.

Grab a spatula, cow.


38 posted on 02/14/2013 2:13:17 PM PST by DarrellZero
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To: SeaDragon

Wow, it takes a special kind of stupid to lose a billion while gambling.


39 posted on 02/14/2013 2:15:18 PM PST by RikaStrom ("To learn who rules over you, simply find out who you are not allowed to criticize." ~Voltaire)
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To: rightwingintelligentsia

bump


40 posted on 02/14/2013 2:15:36 PM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: GeronL
Yep!

A class clown wrote that on the chalkboard in high school many years ago. LOL

41 posted on 02/14/2013 2:18:24 PM PST by rightly_dividing
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To: forgotten man

Robert Peterson did not have cancer (leukemia) when he married her, but he was 30 years older and she was his third wife, and one huge mistake. I’d call it his biggest mistake. We could never understand that marriage and never approved. You’re facts are correct regarding Roger Hedgecock and I was for Roger Hedgecock.

One day, I visited Bob in the old Marston House on 7th Avenue and had a stack of Hedgecock for Mayor signs in my VW Convertable to take home to Pacific Beach to place around my neighborhood. Maureen was there and she was pleased at all when she spotted those signs...lol.

The O’Conner’s were always trash. Her oldest brother, Denny was shot and killed at the old Campus Drive-In theater way back in the late 50’s or 60’s. The family lived on Dove Street in lower Mission Hills.


42 posted on 02/14/2013 2:18:37 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: AtlasStalled
Surely that number can’t be right even for such a timeframe . . . won and lost a billion?!

I don't think she was playing the quarter slots at that rate.

43 posted on 02/14/2013 2:19:52 PM PST by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: Osage Orange

Roger has been on for probably more than 25 years. He is now nationally syndicated you can look him up from his flagship station here in San Diego 760 kfmb


44 posted on 02/14/2013 2:23:50 PM PST by conservcalgal (Dear Lord, please bless our nation and those who have stepped up to serve our nation with honor.....)
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To: Sooth2222

Serves me right for not reading the article before commenting, I suppose.


45 posted on 02/14/2013 2:26:35 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 takes even more skill to be dumb enough not to see that much passing through the books.

There’s no way to balance the state budget when you can’t account for that much money.


46 posted on 02/14/2013 2:34:16 PM PST by DH (Once the tainted finger of government touches anything the rot begins)
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To: conservcalgal
Roger used to sub for Rush now and again...I think.

Thanks!

47 posted on 02/14/2013 2:35:23 PM PST by Osage Orange (MOLON LAVE)
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To: Osage Orange

Roger Hedgecock is still around. He has a daily radio talk show on KFMB AM San Diego. His show starts at 3:00 pm west coast time, about 20 minutes from now. Should be an interesting show today.


48 posted on 02/14/2013 2:40:25 PM PST by forgotten man (forgotten man)
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To: Zack Attack

No! I like Jack & The Box shakes better than all the competitors available to me here in the Soviet of Washington.

However, I have a rule...no supportie dim dummies with my life’s energy! She isn’t still involved with J&TB?

It’s getting hard making high information choices, too damn many companies giving it up for the enemy.


49 posted on 02/14/2013 2:43:26 PM PST by bigfootbob
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To: DH

A few months back there was a story about a small town treasurer who siphoned off tens of millions, a large part of the town budget over many years. She got away with it because no one else was paying attention I guess.


50 posted on 02/14/2013 2:46:42 PM PST by GeronL (http://asspos.blogspot.com)
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