$1 million in homeless funds for a nightclub? New LA fraud cases allege bribery and theft

This story was originally published by CalMatters. Sign up for their newsletters. Federal and county law enforcement announced charges Wednesday against three people in a widening investigation of homelessness services fraud in the L.A. area. Prosecutors previously charged three other people and said they plan to bring “many more” cases. In Wednesday’s announcement at a news conference, authorities alleged […]

CalPERS CEO lands seven-figure bonus — her first — as pension fund extends run of good returns

This story was originally published by CalMatters. Sign up for their newsletters. CalPERS Chief Executive Marcie Frost snared her first seven-figure bonus, a milestone that follows a period of leadership stability and high investment returns at the nation’s largest state pension fund.  The California Public Employees’ Retirement System.board awarded a $1.15 million performance incentive to…