S.E.C. Charges Former Calpers Chief With Fraud

Federico R. Buenrostro charged with defrauding private equity firm of $20 million.

New York Times

Federal regulators charged the former chief executive of the nation’s largest pension fund on Monday with defrauding a private equity firm into paying $20 million to his close friend, the latest case to raise questions about suspected conflicts of interest at state retirement funds.

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