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Self-Inflicted Death Penalty
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The Nevada businessman who allegedly bribed an official at CalPERS, the massive California public employee pension operation, to get the fund to invest in his clients was facing up to 30 years in prison when he apparently shot himself to death at a firing range. He was also suffering from an undisclosed illness, but it seems like he just couldn't face the consequences of his actions. Among the alleged bribes, the businessman, Alfred Villalobos, paid for the pension fund's CEO Fred Buenrostro's wedding, plus a lot of cash, a trio to Europe, and some hush money. It didn't steer money to his clients, a CalPERS report said, but it did help the guy get better terms for his clients. And now it seems like he couldn't bear the punishment for that. (Sacramento Bee)
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