Pennsylvania Republican Senate candidate Dave McCormick released an ad on Wednesday slamming Sen. Bob Casey (D-PA) for “trying to hide his own weaknesses on border policy” through a hypocritical attack ad against McCormick.
The 30-second ad, titled “Bob Got Caught,” Philadelphia Inquirer and New York Post that reveal Casey owns personal shares in Chinese fentanyl manufacturer Yichang Renfu through a mutual fund.
Earlier this month, Mr. Casey released an ad attacking Mr. McCormick, the former CEO of Bridgewater Associates hedge fund, because the firm invested $1.7 million in the same Chinese fentanyl manufacturer while Mr. McCormick was chief executive officer.
“Bob Casey has been found to be lying,” the narrator says at the beginning of the ad. Philadelphia Inquirer Casey allegedly personally owns stock in the same Chinese fentanyl manufacturing company that attacked McCormick. New York Post: “Bob Casey owns stock in Chinese fentanyl manufacturer.”
“So why would Bob Casey lie? Casey is trying to cover up his weaknesses on border policy,” the narrator continues. “Under Biden, Harris and Casey, illegal fentanyl is flowing across the border.”
“Bob Casey is too weak to close the border. Vote him out,” the narrator concludes.
McCormick, who has already said he “does not condone” Casey’s lies on the matter, blasted the Democrat’s hypocrisy in a statement released in a press release accompanying the ad.
“Bob Casey has exposed his hypocrisy and lies. This is proof of why Pennsylvanians are tired of career politicians,” McCormick said.
“Casey had 18 years to secure our border and stop fentanyl from killing 100,000 Americans last year alone. His weakness has made this crisis unimaginably worse,” he added.
As Breitbart News noted, Yichang Renfu Pharmaceutical describes itself on its LinkedIn as “a leading Chinese specialty pharmaceutical company focusing on the research and development, manufacturing, domestic and export business of anesthetics and other medicines with special characteristics.”
Casey is known for investing in the University of Massachusetts Portfolio Group, which holds shares in Yichang Humanwell, Breitbart News reported.
According to Open Secrets, in 2018, Casey Had “15 properties, totaling between $442,020 and $1,186,000.” Among the properties listed was the University of Massachusetts portfolio, with a minimum value of $100,002 and a maximum value of $200,000.
University of Massachusetts Portfolio Was It was also included in Casey’s publicly listed assets in 2017.
Casey’s financial disclosure documents show During calendar years 2017, 2021 and 2023, Casey invested between $15,001 and $50,000 in the University of Massachusetts Portfolio through a Fidelity Investments 529 account.
During calendar year 2020, Casey invested between $50,001 and $100,000 in the Massachusetts College Portfolio through his Fidelity Investments 529 account.
In another ad responding to Casey, McCormick declared that he had “never invested in any manufacturer of illegal fentanyl.”
“The fentanyl crisis is happening because weak politicians like Bob Casey left the border open, and it’s killing Pennsylvanians,” he added.
