Client refuses to pay Stateline man over CalPERS charges
By Dale Kasler, Sacramento Bee
Alfred Villalobos, the former CalPERS board member accused of bribing pension fund officials, is having trouble collecting some of the fees he earned for his work.
Court records show at least one of Villalobos’ clients – Aurora Capital Group, the investment firm headed by Republican power broker Gerald Parsky – is refusing to pay $2 million.
That could cause headaches for state officials, who are trying to corral Villalobos’ assets as they pursue a $95 million lawsuit against him. In the suit, Attorney General Jerry Brown says the Lake Tahoe businessman bribed three CalPERS officials to steer investments to his clients.