Former CalPERS Officials Allegedly Worked to Enrich Each Other
Two former top officials at CalPERS, the nation's largest public pension fund, could do heavy prison time if they're convicted of criminal charges stemming from a major influence peddling scandal that surfaced three years ago.
On Monday, a federal grand jury in San Francisco indicted former CalPERS chief executive Federico Buenrostro and former board member Alfred Villalobos on fraud, conspiracy and obstruction charges.
How did these two men -- who were longtime friends -- allegedly work together to line each others' pockets?
Host Stephanie Martin talks with Sacramento Bee reporter Dale Kasler, who has been covering the story.