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Thursday, Feb. 14, 2013 | 1:50 p.m.
SAN DIEGO — Former San Diego Mayor Maureen O'Connor acknowledged Thursday in federal court that she misappropriated $2 million from her late husband's charitable foundation due to a gambling addiction in which she won more than $1 billion but lost even more over nearly a decade.
O'Connor made the acknowledgement in an agreement with the government to defer prosecution for two years while she attempts to repay the debt.
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.
Prosecutors said her gambling winnings amounted to more than $1 billion from 2000 to 2009 but she lost more than that.
Her defense attorney estimated the debt at $13 million.
O'Connor gambled in Las Vegas, Atlantic City, N.J., and San Diego.
WHAT ??????? 1 Billion ???? BILLION?
Comment removed by moderator. Off Topic
I wonder if her and her husband also had anything to do with Dale Akiki charges in San Diego.
LOL , obviously She's not gambling she's just making donations to her favorite hobby. A fool and thier money are soon parted, holds true in this case doesn't it?.
That's what happens when you bet The Jets.
this chick has one of the biggest habits ive ever heard of--- a freakn billion---im sure the loses are 100's of times larger than what they are putting on---13 million---really, anyone in this business knows this is bs---the loses must be staggering, and im sure she was ripping off everyone and taking money from everyone she ever came in contact with to feed this habit--seen it too many times to believe this bs.
I lost 117,000 one year playing video poker.
I won 108,000. I guess you can choose the headline.
I hope the casino comped her a buffet for that billion.
A 1 or 2 million dollar net loss is a drop in the bucket compared to some of the more spectacular debacles witnessed in the worlds largest casino,,,, Wall Street.
How can you lose or win that much at video poker? Is their 500$ video poker machines out there?
The Jack in the Box fortune of Robert O. Peterson, the first major chain to use an intercom and the first to make drive-through service the focus of the operation, created in 1951, turned into stubs.
" A giant clown projected from the roof, and a smaller clown head sat atop the intercom, where a sign said 'Pull forward, Jack will speak to you.' "
Amazing.
The failure of folks to understand the numbers is that they don't realize the idea of chip wagers.
The idea of the chip is that you wager a chip regardless of value, and at the end of a spree you have played 100K with as little as 5K win or loss.
On a weekly binge, one (I) can start with 60K, playing 10K nightly win or lose and see the balance range from 200K to 50K.
At the end of the weekly visit from picking and choosing pits all over the strip your balance may be up 320K or down 50K for a player, that said on the other hand a problem gambler may not know when to cut their losses.
In this case, add more zeros on the start of play by using a higher denomination chip, it all comes out the same in the end.
another day, another democrat, another misappropriated funds scandal. audit san diego's general fund records for casino visits...