Sen. Bob Casey (D-PA), when he served as Pennsylvania state Treasurer, oversaw investments worth over $31 million in 2006 from the state worker pensions into a Chinese government-backed firm, which has since been considered a national security threat.
The holdings in China Mobile were overseen by Casey as the fund’s custodian as well as 10 other board members of the Pennsylvania State Employees’ Retirement System, including former Pennsylvania House members Nicholas J. Maiale, Michael F. Gerber, and Robert W. Godshall; and former Pennsylvania state senators Gibson E. Armstrong, Raphael J. Musto, and M. Joseph Rocks.
“No one is tougher on China than Senator Casey,” the spokeswoman claimed. “During his time in the Senate, he has fought to crack down on China’s currency manipulation and against unfair trade practices and US corporations that invest in China at the expense of American workers.”‘s follow-up questions on if the senator had approved further investments into China Mobile in 2006.
After Casey became a United States senator, he was succeeded as state treasurer by Robin Wiessmann. Wiessmann was listed as the state treasurer on the 2006 financial report; however, that is because Casey became a senator on January 3, 2007, and the document was not published and finalized and published until June 2007 — six months after Casey was sworn in as a senator and less than two months after Wiessmann assumed office on April 30, 2007.
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