Parsky mistakenly listed as nonprofit's boss, Villalobos says (used Parsky's name)

SaC bee ^ | 1/21/10 | Dale Kasler

[NormsRevenge]

The same year California power broker Gerald Parsky hired placement agent Alfred Villalobos to win business deals from CalPERS, Villalobos organized a nonprofit company in Nevada that listed Parsky as its president.

But Villalobos – a former CalPERS board member now at the center of an investigation into possible influence peddling – now says Parsky wasn't an officer with the Nevada company. In papers filed with the Nevada secretary of state, Villalobos said Parsky was mistakenly listed as president of the Capital Markets Advisory Council, which was founded in 2005. Its incorporation papers described Capital Markets as a think tank devoted to pension issues.

Villalobos' extraordinary success at winning CalPERS investment deals for top-drawer clients like Parsky – plus his connections to top Cal-PERS officials – have triggered an internal investigation and prompted the pension fund to sponsor legislation cracking down on placement agents. Villalobos has earned $59 million in commissions pitching investments to the California Public Employees' Retirement System since leaving its board in 1995.

Parsky, a prominent Republican who was appointed by Gov. Arnold Schwarzenegger in 2007 to lead a study of California's public pensions, said he didn't know the Nevada nonprofit existed until Nov. 6, some five years after it was incorporated. After learning of its existence, Parsky "promptly requested Mr. Villalobos to remove Mr. Parsky's name as an officer," a spokesman said.

[NormsRevenge]

Parsky's firm, Aurora Capital Group of Los Angeles, has paid Villalobos some $5.9 million for securing two investments from CalPERS totaling $550 million.

[Marty62]

Establishment
The Capital Market Advisory Council [CMAC] was established by the Prime Minister’s decree of March 2007, to guide in the development of a capital market in Rwanda.

The Council
The board of Capital Market Advisory Council consists of 11 non-executive directors representing different interest groups appointed by the Minister of Finance. The board works through periodic board and committee meetings and is answerable to the Minister of Finance.

Secretariat.
The day to day business of CMAC is run by the management headed by an Executive director and senior technical staff housed at the CMAC secretariat on 5th Floor Ecobank Building in Kigali.view composition of the current board

..................
Weird

[ridesthemiles]

IIRC, when a corporation is formed, all the officers must sign the papers.

If he didn’t sign the papers...how was the corp legal?

Without a signature- I could form a corp and name Rush as the main officer....

[Cicero]

This is the same damned Gerald Parsky who was forced on the Republican Party in California by George W. Bush and Karl Rove.

This was the same Parsky who annointed far leftist Richard Riordan for the governor’s race against Gray Davis, until Republican primary voters rose up and gave it to Bill Simon by a margin of 2-1.

This is the same Parsky who then sabotaged Bill Simon’s campaign by withholding donations and even encouraging big Republican donors to give money to Gray Davis. Simon, an excellent candidate, only lost by 3%, even though the Dems, the media, and the RINOs, and a crooked judge used every dirty trick in the book to destroy him.

Then it was this same Parsky who, at the bidding of Bush and Rove, put Arnold Schwarzenneger up for Gray Davis’s job after the conservatives had succeeded with their recall. So we got a gubernator even worse than Gray Davis.

Thanks, Parsky. No wonder you are being rewarded with political bribes.