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Report: Sen. Casey Oversaw PA's Pension Investing in China-Linked Firm

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.

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Sen. Bob Casey oversaw $31M pension investment in China firm

When he served as Pennsylvania Treasurer, Democratic Sen. Bob Casey made a potentially risky investment: He placed more than $31 million of state employees’ pensions into a Chinese firm.

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Biagio Vincent Musto

Biagio Vincent Musto, 82, of Pittston Twp., passed away Wednesday, May 5, 2021, in Geisinger Medical Center, Danville. Born in Pittston Twp. on Dec. 16, 1938, he was the son of the late Honorable James A. Musto Sr. and Rose Frushon Musto. Throughout Biagio’s life, he would mention the devotion that his mother had to St. Therese “the little flower of Jesus.” He also spoke with pride for the dedication that his father had in providing support to coal miners, as well as their children and widows. He was a graduate of Pittston Twp. High School, King’s College where he received a bachelor’s degree, and Catholic University where he received a master’s degree and completed doctorial work.

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