Quantcast
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Watery Grave

The demise in the great tsunami of Poom Jensen, grandson of Thai king Bhumipol Adulyadej, brought a torrent of local press coverage last week. On Wednesday, the Los Angeles Times described the dead 21-year-old as the son of "Princess Ubolratana and her ex-husband, Peter Jensen of San Diego." The prince's father was said to be "a locally prominent businessman" who "was involved in several high-profile ventures, including a gold-mining business in Northern California and companies in the water sales market." The U-T followed the next day, playing up Poom's battle with autism and his parents' marital discord. Neither paper got around to mentioning Peter's infamous connection to Dick Silberman, the felon and Democratic financier once married to former San Diego GOP Mayor Susan Golding. Before he was sent to prison for money laundering, Silberman was chairman and Peter Jensen was president of Yuba Natural Resources, an outfit that Silberman claimed would make millions dredging for gold on the Yuba River north of Sacramento. Investors included all the likely San Diego suspects of the era, including J. David Dominelli, later convicted of swindling millions from unwary investors, and M. Larry Lawrence, the late Hotel Del Coronado mogul whose body was relocated from Arlington National Cemetery after it was revealed he'd lied about his war record. Jensen was featured in an October 1985 Forbes story as saying, "You can pan dog shit out here and find gold. There's gold everywhere." A skeptical Forbes described Silberman's ties to La Jolla's Allen Glick, whose service on behalf of the Kansas City Mafia has been forever enshrined in the movie Casino, and suggested investors eschew Yuba stock. Jensen took over after Silberman's fall and the money-losing venture morphed into a water-rights-sales company. But by 2000, the Sacramento Bee reported, the company's stock had collapsed to 35 cents a share, and Jensen had thrown in the towel: "Trying to do a water deal is like trying to align 20 planets at the same time."

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Between the Buried & Me Livestream Concert, S P A C E Artist Showcase, Outdoor Showing of Young Frankenstein

Events August 6-August 8, 2020
Next Article

Camila Mendivil: bullied into blogging

The Chula Vista teen makes her fashion statement to inspire others

The demise in the great tsunami of Poom Jensen, grandson of Thai king Bhumipol Adulyadej, brought a torrent of local press coverage last week. On Wednesday, the Los Angeles Times described the dead 21-year-old as the son of "Princess Ubolratana and her ex-husband, Peter Jensen of San Diego." The prince's father was said to be "a locally prominent businessman" who "was involved in several high-profile ventures, including a gold-mining business in Northern California and companies in the water sales market." The U-T followed the next day, playing up Poom's battle with autism and his parents' marital discord. Neither paper got around to mentioning Peter's infamous connection to Dick Silberman, the felon and Democratic financier once married to former San Diego GOP Mayor Susan Golding. Before he was sent to prison for money laundering, Silberman was chairman and Peter Jensen was president of Yuba Natural Resources, an outfit that Silberman claimed would make millions dredging for gold on the Yuba River north of Sacramento. Investors included all the likely San Diego suspects of the era, including J. David Dominelli, later convicted of swindling millions from unwary investors, and M. Larry Lawrence, the late Hotel Del Coronado mogul whose body was relocated from Arlington National Cemetery after it was revealed he'd lied about his war record. Jensen was featured in an October 1985 Forbes story as saying, "You can pan dog shit out here and find gold. There's gold everywhere." A skeptical Forbes described Silberman's ties to La Jolla's Allen Glick, whose service on behalf of the Kansas City Mafia has been forever enshrined in the movie Casino, and suggested investors eschew Yuba stock. Jensen took over after Silberman's fall and the money-losing venture morphed into a water-rights-sales company. But by 2000, the Sacramento Bee reported, the company's stock had collapsed to 35 cents a share, and Jensen had thrown in the towel: "Trying to do a water deal is like trying to align 20 planets at the same time."

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Cigarette smokers across the border take a hit

Duty-free stores help
Next Article

If sci-fi glam really makes a comeback, UNI will rule them all

Big changes for little band may put them at the head of the class of 2020
Comments
0

Be the first to leave a comment.

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer News — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close