Stateline man tied to CalPERS scandal trying to sell wine collection
By Dale Kasler, Sacramento Bee
Say this for Alfred Villalobos, the man accused of bribing CalPERS officials: He doesn’t skimp.
The Lake Tahoe businessman has amassed a wine collection valued at a staggering $85,000. Now he’s trying to sell it.
Villalobos’ lawyers have asked a U.S. bankruptcy judge for permission to sell his 856-bottle collection, which includes such high-end brands as Beaulieu Vineyard and Opus One. A court hearing is set for Monday in Reno.
The California attorney general filed a lawsuit in May 2010 accusing Villalobos of bribing top officials with the California Public Employees’ Retirement System. The lawsuit said Villalobos was trying to steer pension fund investments to his Wall Street clients.