Former San Diego mayor wins (and loses) more than $1 billion gambling

Talk about corruption and bizarreness all wrapped up into one neat little package!

Maureen O’Connor, the former mayor of San Diego, plead not guilty today to the charge of money laundering from her late husband’s charity.

O’Connor, who served as mayor of  California’s second-largest city for two terms during the late ’80s and early ’90s, allegedly used the money to fund her gambling addiction, where she managed to win – and subsequently lose – $1 billion over a 10 year period in the 2000s. As part of a plea deal O’Connor agreed to pay back the $2.1 million that she took from the R.P. Foundation as well as obtain treatment for her gambling addiction.

“I always intended to pay it back,” she said at a news conference following her hearing. “And I still intend to pay it back. In that period of time I lost my husband, three siblings, best friends.”

Court records show that O’Connor liquidated her savings, sold a number of properties, auctioned her valuables and took out second and third mortgages on her home in La Jolla, Calif. to fund her gambling addiction.

O’Connor is the widow of Jack-in-the-Box founder Robert Peterson. At one point she had a personal fortune estimated to be between $40 and $50 million. Today, she is broke and living with her sister.

She claimed in a news conference that her obsessive gambling was the result of a brain tumor diagnosed in 2011 and that she always intended to repay the foundation. Her brain tumor is supposedly the reason why prosecutors agreed to strike a deal with her.

Comments

Polititainment

Billy Joel smoked with Obama

According to one of The Hill's sources, Obama invited Billy Joel to have a cigarette with him when the musician made a recent trip to the White House.

Beckham's catch = Obama's executive act

You know it is.

'SNL' remakes Schoolhouse Rock
“Saturday Night Live” hit today’s political process right on the nose during the show’s cold open. Spoofing Schoolhouse Rock’s “I’m Just a Bill,” Kenan Thompson as the bill tried to explain how he becomes a law. But before he can make his way  to President Obama’s desk to be officially signed into law, Obama beats him […]
Foxx talks dancing with Christie, McCain
Who could possibly forget this epic photo? Late night host Jimmy Kimmel certainly hadn’t, so when he had the chance to interview actor Jamie Foxx Wednesday night, he simply had to get the back story. Foxx has been the host of this annual charity event for several years. “What’s interesting is that every year that […]
Jon Stewart on Christie's 'pig problem'

Jon Stewart got into Chris Christie’s “pig problem”—which wasn’t quite what Stewart thought it was at first.

White House

Poll: Americans split on Obama’s immigration order
Americans are sharply split on their reaction to President Barack Obama’s recent executive actions on immigration that will essentially give amnesty to about five million undocumented immigrants,according to a new poll. The latest Quinnipiac University survey released Tuesday found that 45 percent of voters support the president’s move, while 48 percent opposes it. Support for […]
Eric Holder stresses that federal investigations in Ferguson are not over

Attorney General Eric Holder released a statement Monday night assuring rioters that the Justice Department still has two investigations to complete in Ferguson.

Obama appeals for calm after Ferguson decision

WASHINGTON (AP) — President Barack Obama appealed for calm and understanding in Ferguson on Monday after a grand jury decided not to indict in the death of Michael Brown, pleading with both residents and police officers to show restraint.

Obama defends his flip-flop on immigration executive action
President Obama may have denounced the very executive action on immigration he ended up taking  more than 20 times in his presidency, but that’s not stopping him from ardently defending his actions. Obama appeared on ABC’s “This Week” and host George Stephanopoulos grilled the president about his the contradictions in his words and actions. “You […]
Obama: Voters want ‘new car smell’ in 2016, Hillary would be ‘great president’
President Obama still has two years left in office, but with the GOP overhaul in the midterms and his waning popularity, most people are already looking to 2016. Including, it seems, Obama himself. He said the best part of running for president after a two-term president is that “you can stake out your own positions” […]

Congress

Rand blames 'politicians,' drug war in Ferguson

Sen. Rand Paul’s Time op-ed on Ferguson Tuesday blamed politicians for creating “a culture of violence” through the War on Drugs, and urged Ferguson protesters to “channel your frustration in ways that will make a positive change.”

Why are House Members exempt from ethics training?
Two U.S. representatives are questioning a curious practice on the Hill that exempts House Members from ethics training. But it doesn’t look like they are getting much support from their colleagues that enjoy this perk. Reps. David Cicilline (D-R.I.), and Scott Rigell (R-Va.), are urging congressional leaders to end the House exemption on the annual ethics […]
Paul calls for formal declaration of war on ISIS

Sen. Rand Paul wants Congress to formally declare war against ISIS.

The fallout from Boehner not owning a dog

President Obama's offer to smooth over an immigration reform compromise with Speaker John Boehner has turned out to be a case of barking up the nonexistent tree.

Sen. Graham: Benghazi report 'full of crap'
Despite a new House Intelligence Committee report clearing the Obama administration of wrongdoing in its response to the Benghazi attack, Sen. Lindsey Graham (R-SC) is not backing down. “I think the report is full of crap,” Graham said Sunday on CNN’s “State of the Union.” He said that the report did not take into account the members […]