Seattle PI – by ELLIOT SPAGAT, Associated Press
SAN DIEGO (AP) — 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.
Yes, that’s $1 billion folks. Incredible waste of money.
She/it stole 2 million from “husbands charity” what about the TAX on its/her billion dollar winnings for us mudanes it would have been 45% which is 450 million $ but she/it gets a 2 yr deferment
Steve
She has all the qualities of a politician. Should run for the senate now
“She was married to Robert O. Peterson, founder of the Jack-In-The-Box restaurant chain.”
So what’s the problem?
She just needs to sell a few million more Bonus Jacks.