Wednesday, June 01, 2016

CALPERS OFFICIAL ON THE WAY TO THE SLAMMER

By Bob Walsh

Fred Buenrostro, 66, was formerly the CEO of CalPers, the largest public pension fund on the planet. He is about to become a federal prisoner, doing what is officially a 4 ½ year stretch. If I recall in the federal system you do a pretty much flat 85% in actual custody.

He copped a plea to taking bribes from a former CalPERS board member and buddy, Alfred Villalobos. Alfred self-rehabilitated at a firing range in Nevada last year. Buenrostro sold out the state and it’s pensioners for a measly $250,000.

Buenrostro was escorted into court by U. S. Marshalls, in a jail jump suit. He was in custody on an unrelated battery charge of thumping a girlfriend.

Buenrostro has been trying to play nice since he copped his plea and has been volunteering at a social services operation in West Sacramento, when he hasn’t been in jail for thumping on girlfriends. Everybody has to have a hobby I guess.

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