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Government

Aug. 28, 2010

Ex-Board Member Pleads Bankruptcy

A former California Public Employees' Retirement System board member accused of bilking the state's pension plan out of tens of millions of dollars has laid out his defense plan: Bankruptcy.

By Emily Green

Daily Journal Staff Writer

A former California Public Employees' Retirement System board member accused of bilking the state's pension plan out of tens of millions of dollars has laid out his defense plan: Bankruptcy.

Lawyers for Alfred Villalobos say his recent bankruptcy filing trumps the state's lawsuit against him. That argument was presented in a court brief filed last week, in which Villalobos&...

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