8:38 pm

  Local News
  State / National / World
  Opinion / Letters
  Arts / Entertainment
  Submit Event
  Comics / Games
  DJ Designers
  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:

Ex-chief of California pension fund guilty of bribery
Iraqi Kurds take over two northern oil fields
House chairman: $3.7 billion request 'too much'
U.S. given heads up about newspaper data destruction
Wells Fargo profit edges up 3 percent in quarter
LeBron James says he's returning to Cavaliers

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

Daily Journal Quick Poll
Who will win the World Series this year?

The Cardinals
The Cubs
The Rangers
The Astros
The Mets
The Dodgers
The Blue Jays
The Royals


California governor OKs medical marijuana regulations
SAN FRANCISCO — A trio of bills aimed at bringing order and oversight to California’s medical ma..
Pressure builds on Paul Ryan to run for House speaker
WASHINGTON — The pressure is on Rep. Paul Ryan, the GOP vice presidential nominee in 2012, to run ..
Mideast unrest spreads to Gaza as stabbing attacks continue
GAZA CITY, Gaza Strip — Israeli forces clashed with Palestinian demonstrators along the Gaza borde..
Suspects in California yoga teacher's death tied to 2nd killing
SAN FRANCISCO — Three young drifters suspected in the shooting death of a tantra yoga teacher in M..
More >>  

©2015 San Mateo Daily Journal
San Mateo County high school sports