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The subsidies are a hit with patients who don't exist
Topic - Federico Buenrostro Jr.
The former head of the California Public Employees' Retirement System, the nation's largest public pension fund, pleaded guilty Friday to bribery and fraud.
Buenrostro also said he gave Villalobos access to the pension system's confidential investment information.
Further, Buenrostro said he forged letters that allowed Villalobos' firms to earn millions in commissions for investing $3 billion in the pension fund's money.