Search Results for: fred buenrostro

Placement Agent in CalPERS Bribery Case Pleads Not Guilty

Alfred Villalobos, the former CalPERS board member and placement agent who allegedly bribed then-CalPERS Chief Executive Fred Buenrostro to the tune of $250,000, pleaded not guilty to bribery charges on Wednesday. Buenrostro has already pled guilty to charges that he accepted the $250,000 bribe and falsified pension fund documents with Villalobos. More from the Sacramento … Continue reading Placement Agent in CalPERS Bribery Case Pleads Not Guilty

CalPERS and CalSTRS Rake in Big Returns, But Much Work Left To Be Done

The 2013-14 fiscal year ended June 30, which means we’ve entered a new year for public pension funds, at least in fiscal terms. It also means that the latest investment performance data is being released, and that data has some funds smiling. California is one state that has to be happy with what it sees: … Continue reading CalPERS and CalSTRS Rake in Big Returns, But Much Work Left To Be Done

New Details Emerge In CalPERS Conspiracy Case; Ex-CEO Accepted $200,000 in Bribes

Slowly but surely, we are learning more details about the bribery, conspiracy and cronyism that took place within the walls of CalPERS between 2002 and 2008. Prosecutors have had working theories since early 2013, but the case broke wide open last week when former CalPERS Fred Buenrostro pleaded guilty to charges of fraud conspiracy and … Continue reading New Details Emerge In CalPERS Conspiracy Case; Ex-CEO Accepted $200,000 in Bribes

A Former CalPERS CEO Is Finally Pleading Guilty to Conspiracy Charges, So Let’s Take Stock of the Damage He Did

For years, CalPERS—the largest public pension fund in the country— was a hotbed of backdoor scheming, shady dealings and outright fraud. That was thanks to two long-time friends, Fred Buenrostro and Alfred J.R. Villalobos, who we now know (well, allegedly) profited greatly from greasing the wheels on billions of dollars of CalPERS investments from behind … Continue reading A Former CalPERS CEO Is Finally Pleading Guilty to Conspiracy Charges, So Let’s Take Stock of the Damage He Did

CalPERS Former CEO Pleads Guilty to Bribery, Receives Sentence

Federico Buenrostro, the former CEO of CalPERs, has been sentenced to four and a half years in prison for accepting bribery. Buenrostro pleaded guilty to helping Alfred Villalobos in business ventures in exchange for money, vacations, and even the price of his own wedding. ABC News has more on the topic: Senior U.S. District Court … Continue reading CalPERS Former CEO Pleads Guilty to Bribery, Receives Sentence

Diving Into CalPERS’ Hidden Fee Disclosure

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Alexandra Stevenson of the New York Times reports, Calpers’s Disclosure on Fees Brings Surprise, and Scrutiny: Earlier this year, a senior executive of the California Public Employees’ Retirement System, the country’s biggest state pension fund, … Continue reading Diving Into CalPERS’ Hidden Fee Disclosure


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