You'll Never Believe the Amount of Cash Federal Prosecutors Say This Ex-Dem Mayor Gambled Away

Maureen O'Connor (wikipedia)

Former San Diego Mayor Maureen O'Connor -- a Democrat -- 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.

“How much?” you ask. Try more than $1 billion dollars.

Yes, she gambled away more than $1,000,000,000. That's nine zeros.

O'Connor made the acknowledgement in an agreement with the government to defer prosecution for two years while she attempts to repay the debt.

She was mayor 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. We assume those casino owners are glad she did. More than $1 billion dollars.

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The Associated Press contributed to this report.