Hard to believe someone could go through $1 billion all on gambling even for us die-hard gambling fans.
But ex mayor of San Diego did just that. Maureen O'Connor admitted in federal court that she took $2.1 million from her late husband's charitable foundation and went on a decade long gambling rampage with win and losses estimated at $1 billion.
She hardly led a squalor married to Robert O. Peterson the founder of Jack-in-the Box fast food chain leaving her a $40 to $50 million after his death in 1994 from leukemia.
According to Uncle Sam she won $1 billion from 2000 - 2009 with net losses of $13 million.
O'Connor plead not guilty in court for money laundering charges with an a agreement with the Justice Department to pay it back the foundation and under go treatment for gambling.
Diagnosed in 2011 with a brain tumor stating:
"There are two Maureens -- Maureen No. 1 and Maureen No. 2," said O'Connor, who declined to take questions. "Maureen No. 2 is the Maureen who did not know she had a tumor growing in her brain."
Her gambling started after her husband's death as a way to cope and deal with the pain of his loss and describes it as "grief gambling".
Today she is flat broke and lives with her sister.
I guess we are small potatoes compared to this kind of gambling!
California Mayor 1 Billion Dollar Gambling Spree
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