Saturday, February 16, 2013

WE WOULD ALL LIKE TO HAVE THE MEANS TO WIN AND LOSE $1 BILLION

After she misappropriated $2 million, the feds give San Diego’s former mayor a 2-year reprieve from prosecution to give her time to make restitution

Apparently Maureen O'Connor is one of the filthy rich. Now if any of us common folk had been caught misappropriating money, we’d have had a fat chance of getting a reprieve from prosecution.

EX-SAN DIEGO MAYOR’S GAMBLING LOSSES TOP $1 BILLION

Associated Press
February 14, 2013

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.

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