Saturday
February
28
2015
4:34 pm
Weather

  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
Ex-chief of California pension fund guilty of bribery
July 11, 2014, 05:00 AM The Associated Press

SAN FRANCISCO — A former head of the nation’s largest public pension fund has pleaded guilty to bribery and fraud in California

Federico Buenrostro Jr., former chief executive of the California Public Employees’ Retirement System, entered his plea Friday in federal court in San Francisco.

Authorities say Buenrostro acknowledged accepting $200,000 in cash and casino chips from Alfred Villalobos, a Lake Tahoe, California, investment manager who also served on the CalPERS board.

Buenrostro said he used his influence with the CalPERS board to make investment decisions beneficial to Villalobos’ clients.

Buenrostro was CEO of CalPERS from late 2002 through June 2008. Villalobos also paid for Buenrostro’s wedding and hosted it at his home in 2004.

Villalobos has pleaded not guilty to fraud charges and other related counts.

 

 

Tags: buenrostro, calpers, villalobos, california,


Other stories from today:

House chairman: $3.7 billion request 'too much'
Iraqi Kurds take over two northern oil fields
LeBron James says he's returning to Cavaliers
 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
  


 
 
 
Daily Journal Quick Poll
 
What do you think of the new net neutrality rules imposed by the FCC on broadband providers?

Agree, Internet access should be governed like a utility
Don't agree, it will limit the free market
Worry about taxes
Worry it will prevent further access
It's too complicated

 

 
 
 
 
 
 
 
 
  
 
  
 
©2015 San Mateo Daily Journal
Half Moon Bay news