Disgraced Ex-CalPERS Chief Jailed on Battery Charges; Bribery Sentencing Delayed

Fred Buenrostro, former CEO of CalPERS, pled guilty last year to accepting bribes during his tenure.

But his sentencing for the bribery charges has now been delayed, as Buenrostro will be in jail on a different set of charges: battery.

From the Sacramento Bee:

Buenrostro, 66, is serving a 60-day jail sentence after being arrested twice on misdemeanor battery charges. Because the battery charge constituted a violation of his bail terms in the bribery case, federal officials issued an arrest warrant this week. That means Buenrostro probably will remain in custody in Sacramento and then be transported by federal marshals for sentencing in San Francisco.

[…]

Fred Buenrostro was scheduled to be sentenced May 18 in U.S. District Court in San Francisco after pleading guilty to accepting bribes from a Lake Tahoe investment banker. But with Buenrostro expected to be in Sacramento County’s main jail until May 22, prosecutors and defense attorneys have agreed to postpone the federal sentencing to May 24. The proposed delay awaits a judge’s approval.

He pleaded guilty in 2014 to accepting more than $250,000 in bribes from investment banker Alfred Villalobos in a scheme to steer pension money to Villalobos’ clients in the private equity industry. Villalobos, who pleaded not guilty in the case, committed suicide last year in Reno.

 

Share This Post

Recent Articles

Leave a Reply

Privacy Policy | © 2017 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·