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Browse: Home / 2016 / June / 01 / Former CalPERS chief sentenced to prison in bribery scandal | The Sacramento Bee

Former CalPERS chief sentenced to prison in bribery scandal | The Sacramento Bee

By Securities Docket on June 1, 2016, 7:49 am

He arrived in plain jail clothes, shackles around his ankles, the humbled former leader of America’s largest public pension fund ready to accept his punishment for taking bribes.

He left with a prison term of 4 1/2 years.

Fred Buenrostro, the former chief executive of CalPERS, was sentenced Tuesday by a federal judge who called his actions “a spectacular breach of trust.”

via Former CalPERS chief sentenced to prison in bribery scandal | The Sacramento Bee

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Posted in Criminal, Top | Tagged Pension funds, Sentencing

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