Friday
October
24
2014
12:54 am
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
 
 
 
 

Check out our archive of Dining Guides - Yum!

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:

LeBron James says he's returning to Cavaliers
Wells Fargo profit edges up 3 percent in quarter
U.S. given heads up about newspaper data destruction
 

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


 
 
 
Daily Journal Quick Poll
 
What is the most important issue facing the United States right now?

Ebola
Islamic State
Income gap
Russia/Ukraine
Immigration
Health care
The economy

 

 
 
 
 
 
 
White House fence jumper charged with assault
WASHINGTON — The 23-year-old Maryland man who climbed over the White House fence Wednesday night h..
Senators ask gov't for nationwide air bag recall
DETROIT — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with fa..
Brazilian companies raise Chiquita offer to $681M
NEW YORK — Brazilian companies Cutrale and Safra said they are again raising their bid for banana ..
More >>  
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Carlos news