Posted on 02/14/2013 6:20:58 PM PST by BAW
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 a nine-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 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 2009, but she posted losses during the same period that were greater than that amount. Her preferred game was video poker. They described her now as “destitute.”
(Excerpt) Read more at utsandiego.com ...
Cry me a river. She’s a witch.
Robert Oscar Peterson was part of my family.
A friend of mine’s wife got 18 months for FAR less, and this witch walks. no sympathy here
Jesus, Mary and Joseph.
I don’t know the details, yet, but I will and soon.
A day in the life of a ‘Rat.
The ninth paragraph to identify party affiliation, oh, incidentally, she’s a ‘rat, nothing to see here, move on.
A BILLION dollars????
I can't get my head around that word either. I'd notice if the news article said she lost a MILLION . . . but a BILLION????? Holy Cow!!
“A BILLION dollars????”
Yes, that’s serious whale territory. You’d think that around 50 mil you’d be saying, hey, maybe I have a problem.
After about $500 I'd be saying..."maybe the odds will always be against me".
How do you put a billion dollars into video poker? This would take a thousand million-dollar bets. Do they have video poker machines that take million-dollar bets? Do you just drop a million-dollar chip down the slot?
How do you put a billion dollars into video poker? This would take a thousand million-dollar bets. Do they have video poker machines that take million-dollar bets? Do you just drop a million-dollar chip down the slot?
I’ve never seen one over $20 denomination. Even at full play of 5 bets that is only a $100 hand. You’re talking some serious play time
LOL, she must think she is in congress or sumpthin.
Dumb Bitch could have bought an entire casino for less than half the money and played gratis all she wanted. A fool and her inherited money.....
Where were the auditors??
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.