CalPERS scandal erupts after CCP-linked former CIO Yu Ben Meng accused of falsifying disclosures and violating ethics rules before fleeing post.
The California employees pension aka CalPERS is in trouble.
In January 2019—the same month Gavin Newsom become California's governor—he hired CCP 🇨🇳 agent Yu Ben Meng, an alumni of China's Thousand Talents program to manage CalPERS.
Meng falsified disclosure docs and then fled. https://t.co/qLIOucxq9v pic.twitter.com/OkbvFcgA8y
— Parrot Capital 🦜 (@ParrotCapital) July 1, 2025
It is important to remember that California Governor Gavin Newsom has been exceptionally cozy towards communist China, even going so far to clean up San Francisco (something he's refused to do for years) except for when Xi Jinping came to town and got the red carpet treatment. pic.twitter.com/85FBEoOZvg
— Parrot Capital 🦜 (@ParrotCapital) July 1, 2025