San Diego's Democrat ex-Mayor loses $1 BILLION gambling

[Jeebus]

Yes, she gambled away more than $1,000,000,000. That’s nine zeros.

Former San Diego Mayor Maureen O’Connor — a Democrat — 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.

She was mayor 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.

[skeemer]

If she can make her way up to $1 billion, she must have been doing something right. Give her another $2 million and let her hit the roulette table.

[Cameron]

Your unbiased link forgot to tell us that that's a 25 year old picture, like wiki does.

Looking frail, the 66-year-old O'Connor agreed to enter into a deferred prosecution on a charge of stealing the money from a charitable foundation. Under a bargain with prosecutors, O'Connor agreed to make $2 million in restitution; if she violates no further laws in the next two years, the charge may be dismissed. . .

O'Connor, who underwent surgery to remove a brain tumor in 2011, used a cane and needed help walking as she entered the courtroom of federal Judge David Bartick. . .

http://latimesblogs.latimes.com/lano...m-charity.html

[Jeebus]

Your unbiased link forgot to tell us that that's a 25 year old picture, like wiki does.

Oh, well, that's makes it all better, I guess.

Never mind the facts, the picture was old. Gotcha.

[Cameron]

Oh, well, that's makes it all better, I guess.

Never mind the facts, the picture was old. Gotcha.

I was trying to stop skeemer from giving her more money.

[Jeebus]

I was trying to stop skeemer from giving her more money.

Old ladies like that only play slots.

[sigmalady]

Actual title of article:

You’ll Never Believe the Amount of Cash Federal Prosecutors Say This Ex-Dem Mayor Gambled Away

According to the title, she's an ex-dem. Did you share this because you're so horrified that she stole money from a charity, or because she may or may not be a democrat?

From Cameron's link:

When she no longer had enough personsal money to gamble with, she took money in 2008-9 from the R.P. Foundation started by her husband, prosecutors said.

None of this occurrred while she was mayor of San Diego. No, she should not have misappropriated monies that her late husband intended for charity.

[Cameron]

Old ladies like that only play slots.

If she lost a billion playing slots, that might be where she got the brain tumor.

How ANYBODY can stand that noise. . .

[slapshot]

So, let me guess what the moral of the story is:

My first choice would be - Dems like to spend money?

My second choice would be - Set a hard limit of how much you will gamble away.

Third choice is - Don't go into politics.

Foruth choice - Don't move to San Diego.

[Cameron]

Get yourself to GA right after you lose the first million.

It's a hint.

[Cameron]

The casinos reported the 1 billion in winnings to the IRS.

This is not an estimate.

http://www.10news.com/news/former-sa...ndering-021413

In order to stay afloat financially and continue her gambling spree, O'Connor liquidated her savings, sold numerous real estate holdings and auctioned valuable personal items. She also obtained second and third mortgages on her residence in La Jolla, according to prosecutors. . .


"She played video poker on machines that were programmed to pay out 80 percent of the money that was put in, so that the more you play the more you lose," Iredale said. . .

In 2010, O'Connor sold the La Jolla home now owned by former Republican presidential nominee Mitt Romney for $2.5 million. The sale was a short sale, and soon after the purchase the county reassessed the property at a $4.5 million value, according to U-T San Diego.

[sigmalady]

So, let me guess what the moral of the story is:

My first choice would be - Dems like to spend money?

My second choice would be - Set a hard limit of how much you will gamble away.

Third choice is - Don't go into politics.

Foruth choice - Don't move to San Diego.

Gamble with your own money. Don't steal from the charitable foundation.

[slapshot]

Gamble with your own money. Don't steal from the charitable foundation.

WHAT!!

I would have bet the OPS intended moral was - "Dems like to spend money"

[Steveg85321]

Just to state the obvious: this individual has a bad gambling jones. I don't see what her former job or political party has to do with it. It's a rather tiresome assumption made on these boards by partisans from both sides; if I can find a person and/or issue affiliated with those with whom I disagree, then I get to draw the assumption that is a characteristic of everyone on that side. This is rhetorically incorrect, illogical thinking, and BS, but then half the threads would never get started without this line of reasoning.

[musicmd]

Yes, she gambled away more than $1,000,000,000. That’s nine zeros.

You are a big liar, and you have no shame.

[LarryN]

You are a big liar, and you have no shame.

In what way is he lying?

According to court documents, between 2000 and 2009, O'Connor won more than $1 billion while gambling in Las Vegas, Atlantic City and San Diego. Despite the huge winnings, O'Connor suffered even greater losses -- resulting in a sizeable net loss, prosecutors said.

or are you saying that one billion isn't nine zeros?

[Jeebus]

or are you saying that one billion isn't nine zeros?

That'll go right over her head lol.