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New Charges Filed Against Villalobos in CalPERS Corruption Case

 
New Charges Filed Against Villalobos in CalPERS Corruption Case
Posted August 8th, 2014 @ 8:27am by KFBK News - Tim Lantz

Things aren't getting any easier in the courtroom for a former board member of the California Public Employees Retirement System. New charges are being filed in the fraud case.

You can add bribery charges to those faced by Alfred Villalobos now.  

He was a CalPERS board member in the early '90s who became an investment middle-man based in Nevada.  

Prosecutors say he and former CalPERS Chief Executive Fred Buenrostro forged documents related to investments for CalPERS.  

Buenrostro last month took a plea deal and admitted to taking bribes from Villalobos.

Buenrostro is looking at five years in prison and will be sentenced next January.

Villalobos could get 30 years if he's convicted of all charges against him.

 

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