Ex-San Diego Mayor O'Connor (democrat) admits taking charity funds

[beefeater]

A BILLION? I refuse to believe it until I read it in the East County weakly(sic) shopper under the Nadster's byline.

democrat party values

Thu Feb 14, 2013, 01:01 PM
 Judi Lynn (75,154 posts)

Ex-San Diego Mayor O'Connor admits taking charity funds as she won, lost $1 billion gambling

Source: Associated Press

Ex-San Diego Mayor O'Connor admits taking charity funds as she won, lost $1 billion gambling
Article by: ELLIOT SPAGAT , Associated Press
Updated: February 14, 2013 - 1:48 PM

SAN DIEGO - Former San Diego mayor Maureen O'Connor has admitted in federal court that she misappropriated $2 million from her late husband's charitable foundation due to a gambling addiction in which won more than $1 billion but lost even more over nearly a decade.

O'Connor made the acknowledgement Thursday 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 say her gambling winnings amounted to more than $1 billion from 2000 to 2009 but she lost more than that.

Throwin' money around like OblaBla.

[USA4ME]

There's 13 posts so far and not a single primitive has commented on how she's a low-life Dem.  That's got to be some kind of record.  I mean, when it's a Republican that's their main focus.  It would be hypocritical of them to treat the Dem differently, and we all know the primitives aren't like that.

.

[JohnnyReb]

So, did she pay taxes on her winnings?.....DUmb question.......she's a dem.

[Ralph Wiggum]

So, did she pay taxes on her winnings?.....DUmb question.......she's a dem.

Depends on the year by year comparison of wins vs. losses.  If you have more losses than wins, you aren't on the hook for tax liability.

[Tucker]

Depends on the year by year comparison of wins vs. losses.  If you have more losses than wins, you aren't on the hook for tax liability.

Doesn't she need receipts?

[Ralph Wiggum]

Doesn't she need receipts?

Casinos send you a year-end receipt if you use a players card.  Which most high & even medium rollers do to get comps.

[Undies]

Doesn't she need receipts?

Not if she uses "Players Cards".  It's all keep track of via computer.  The casino(s) send out statements and IRS reporting forms at the end of the year.

[Undies]

Great minds working at the same time.

[Ralph Wiggum]

Great minds working at the same time.

Imagine that! 8)

[Wineslob]

She used the word "addiction". She is now not responsible.

[J. M. Pyne]

I do not believe this.  AP scooped the East County Grocery Giveaway?  No way.  I guess the reason there are no comments from Nads is that she is out digging up the REAL story.

[Tucker]

Casinos send you a year-end receipt if you use a players card.  Which most high & even medium rollers do to get comps.

I'm ignorant of such matters. I don't gamble.

[98ZJUSMC]

There's 13 posts so far and not a single primitive has commented on how she's a low-life Dem.  That's got to be some kind of record.  I mean, when it's a Republican that's their main focus.  It would be hypocritical of them to treat the Dem differently, and we all know the primitives aren't like that.

Just like that buzzfeed piece.

Republican -



Democrat -

[98ZJUSMC]

I do not believe this.  AP scooped the East County Grocery Giveaway?  No way.  I guess the reason there are no comments from Nads is that she is out digging up the REAL story.

..or rapelling down the side of the local Safeway.  If, they even have those in Mexifornia anymore.

Ninja Baldidwarf on the case.

So, did she pay taxes on her winnings?.....DUmb question.......she's a dem.

Which instantly qualifies her for higher office....

[Ralph Wiggum]

I'm ignorant of such matters. I don't gamble.

I generally only gamble when I go to Vegas.  I just know the tax situations from helping friends do their taxes.

[Tucker]

I generally only gamble when I go to Vegas.  I just know the tax situations from helping friends do their taxes.

I only went there once, 20 years ago, and ended up married.












I took her with me and we're still married.

[USA4ME]

The former mayor, Maureen O'Connor, 66, blamed an addiction to gambling aggravated by a brain tumor for the gargantuan spree. Her lawyers said that while she had made well over a billion dollars in bets at casinos in Las Vegas, Atlantic City and San Diego, her actual net losses were around $13 million.

http://www.nytimes.com/2013/02/15/us/over-a-decade-maureen-oconnor-spent-1-billion-on-bets.html

I've been rethinking this.  She gambled more than $1 billion and lost only $13 million.  It sounds as if she's a much wiser financial steward than our dimwit of a president.  Maybe if she had been administering the trillions
Dear Leader has pissed away the last four year instead of him the country might be a lot less broke than it is today.

.

[Delmar]

After this crushing embarrassment, soul-searching begins for the democrat party.

 

[Dori]

Why does it seem like it's always Dems that are the theives with other people's money?

Is anyone keeping a list?  

[Chris_]

After this crushing embarrassment, soul-searching begins for the democrat party.

Yeeeaaahhhhh... not going to happen.