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Another bribery and corruption scandal and criminal prosecution in deep blue CA, maybe elections fraud will be cleaned up some day, as well

Posted on | July 12, 2014 | 1 Comment

Former CalPERS CEO Fred Buenrostro Pleads Guilty To Corruption Conspiracy

Sierra Sun Times  – ‎16 hours ago‎
July 11, 2014 – SAN FRANCISCO – Fred Buenrostro pleaded guilty today to conspiracy to commit corruption and fraud charges stemming from a conspiracy to trade official acts for cash and benefits, announced U.S.

Comments

One Response to “Another bribery and corruption scandal and criminal prosecution in deep blue CA, maybe elections fraud will be cleaned up some day, as well”

  1. Sandy Beach
    July 14th, 2014 @ 10:37 am

    Villalobos, who was a member of the CalPERS board between 1993 and 1995, later became a placement agent. In that role, he collected fees of between 1% and 2% for deals worth hundreds of millions of dollars to the clients of his Nevada firm, ARVCO Capital Research.

    According to the indictment, Villalobos and Buenrostro were involved in a series of transactions in 2007 and 2008 when Buenrostro was the boss at CalPERS.
    http://www.latimes.com/business/la-fi-calpers-scandal-20140701-story.html

    In 1993 and 1995, the Governor was Pete Wilson, Republican.

    In 2007 and 2008, the Governor was Arnold Schwarzenegger, Republican.

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