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July 30, 2014

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Ex-San Diego mayor’s gambling losses top $1 billion

O’Connor gambled in Las Vegas, Atlantic City, San Diego.

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.

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  1. 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?.

  2. 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.

  3. 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.

  4. another day, another democrat, another misappropriated funds scandal. audit san diego's general fund records for casino visits...