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Former CEO of CalPERS pleads guilty to fraud, corruption charge
Former CEO of CalPERS pleads guilty to fraud, corruption charge

A former chief executive of the country's biggest public pension fund admitted that he took more than $250,000 in bribes and other valuable gifts from a friend and co-defendant in an influence-peddling scandal that rocked the pension investment world five years ago. Federico R. Buenrostro Jr. pleaded guilty Friday to one federal charge of conspiracy to commit corruption and fraud in funneling deals through his friend, Alfred J.R. Villalobos, for outside firms to manage funds for the California Public Employees' Retirement System. "It's a good day for justice, and was time for Mr. Buenrostro to admit his wrongdoing," said Philip Khinda, a Washington lawyer who led...

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