The New York Post reports that, as Pennsylvania State Treasurer, Bob Casey oversaw the investment of over $31 million from the state workers’ pension fund into a CCP-backed company, which has since been designated a threat to US national security.
Under Casey’s management, the pension fund also paid a brokerage fee of over $15,000 to the state-owned Bank of China.
“Bob Casey betrayed Pennsylvania workers who trusted him by allowing millions of dollars from their hard-earned retirement funds to be invested in a company backed by the Chinese Communist Party.” – NRSC Spokesman Philip Letsou