SAN FRANCISCO (Reuters) – California’s attorney general has sued two former top officials of the biggest U.S. public pension fund, charging them with taking part in fraudulent broker-dealer activities involving fund investments worth billions of dollars..
The complaint, filed in state court on Wednesday, claims Alfred Villalobos, a former board member of the California Public Employees’ Retirement System (Calpers) who served as a placement agent for investment companies, cultivated a former Calpers chief executive with gifts, gratuities and promises of future employment to help influence investment decisions at...
