By Dale Kasler, Sacramento Bee

The late Alfred Villalobos, the central figure in the CalPERS bribery case, always insisted he did nothing wrong and he didn’t owe the state of California a dime.

Now it appears Villalobos and his defunct company won’t be paying the state anything to settle civil fraud claims filed six years ago, officials connected with the case said Tuesday.

Even as a federal bankruptcy judge Tuesday approved the state’s $20 million settlement with Villalobos’ defunct company, it was clear that the Villalobos bankruptcy estate doesn’t have nearly enough money to make good on the state’s claim.

Villalobos, who used to reside in Stateline, once estimated his worth as $62 million, but the estate wound up being considerably less.

Read the whole story