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2012-04-25 — econintersect.com
Buenrostro is alleged to have aided his friend Alfred J.R. Villalobos in a shakedown of New York-based private equity firm Apollo Global Management. The CalPERS CEO signed documents certifying falsely that fees totaling more than $20 million dollars should be paid by Apollo to ARVCO Capital Research, Villaobos' firm. The documents were fabricated with a false CalPERS logo by Villalobos and then signed by Buenrostro, the SEC alleges. Apollo reportedly paid the fees which were actually not legally due.
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