Friday, February 15, 2013

$1 Billion Gambling Debt San Diego Ex-Mayor

A disease that does not discriminate...
 
Maureen O'Connor was a physical education teacher who won a seat on the San Diego City Council when she was only 25 years old, later winning two terms as the city's first female mayor as she charmed voters with a populist flair.

But her rapid rise was matched by her fall, culminating Thursday when she acknowledged in federal court that she took $2.1 million from her late husband's charitable foundation during a decade-long gambling spree in which she won — and lost — more than $1 billion.

O'Connor pleaded not guilty to a money laundering charge in an agreement with the Justice Department that defers prosecution for two years while she tries to repay the foundation and receives treatment for gambling.

Read more here...
http://abcnews.go.com/US/wireStory/san-diego-mayor-faces-money-laundering-charge-18502139

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