Skip to comments.Ex-CalPERS CEO, board member charged with fraud
Posted on 03/19/2013 7:32:35 PM PDT by NormsRevenge
SAN FRANCISCO -- Federal officials on Monday charged the former head of the nation's largest pension fund and one of his business associates with falsifying documents and other charges in a long-running influence peddling and bribery investigation.
A grand jury in San Francisco charged Federico Buenrostro Jr. and Alfred Villalobos, and they were booked and released on bond Monday after briefly appearing in court.
Buenrostro, 64, served as CEO of the California Public Employees' Retirement System from late 2002 until June 2008. Villalobos, 69, served on the CalPERS board and is a former vice mayor of Los Angeles.
The indictment alleges the two conspired to fabricate documents that certified to federal regulators that Villalobos' firm had obtained required "investor disclosure letters" from CalPERS to serve as a "transfer agent." The indictment charges that the falsified documents allowed Villalobos to reap $14 million in fees for serving as a middleman between CalPERS and a prominent investment firm handling $3 billion in CalPERS' money.
(Excerpt) Read more at mercurynews.com ...
>> Federico Buenrostro Jr. and Alfred Villalobos<<
That Amish culture of corruption always comes back. Like in Bell and Santa Ana.
“they were booked and released on bond Monday after briefly appearing in court.”
I guaran-fricken-tee that you or I wouldn’t have been release on bond....
Where is the (D)?
I think the homeland security bullits and tanks are for when
CAlpers files bankruptcy
“Federico Buenrostro Jr. and Alfred Villalobos”
You know they put mobsters in charge of these things and then they act surprised when those people act like, well, mobsters.
Knock me over with a feather...