Former CalPERS Chief Executive Indicted For Fraud

The former chief executive of the $257 billion California Public Employees’ Retirement System was indicted by a federal grand jury for conspiring to defraud Apollo Global Management, a prominent private equity firm. In what was alleged to be a decisive moment in CalPERS’s long-running pay-to-play scandal, Federico Buenrostro, the pension’s former chief, was charged with...

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