Fred Buenrostro

Former chief executive, CalPERS

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Buenrostro is a former CalPERS chief executive.

March 18, 2013: The U.S. attorney in San Francisco said Buenrostro and Alfred Villalobos, a former CalPERS board member, were charged with conspiracy to commit fraud, conspiracy to obstruct justice and making false statements to federal agents. Alfred Villalobos earned around $50 million as a "placement agent" obtaining CalPERS investments on behalf of various private equity firms. State officials already named the two men in a 2010 civil lawsuit, charging that Buenrostro took bribes from Alfred Villalobos to steer business toward Villalobos' clients. The two men denied any wrongdoing.

Last edited by Scott Flodin on March 18, 2013

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