Finance

Former San Diego Mayor Gambled Away Nearly $1 Billion

Former San Diego Mayor Maureen O'Connor acknowledged in federal court Thursday that she gambled away millions of dollars that her late husband had earmarked for charity purposes.
February 15, 2013

Former San Diego Mayor Maureen O'Connor acknowledged in federal court Thursday that she gambled away millions of dollars that her late husband had earmarked for charity purposes. The 66-year-old O'Connor agreed to enter into a deferred prosecution on a charge of stealing the money from a charitable foundation. Under a bargain with prosecutors, O'Connor agreed to make $2 million in restitution; if she violates no further laws in the next two years, the charge may be dismissed.

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