Club for Growth PAC: Shane Osborn Should Explain False Resume Claim

Club for Growth Spokesman Barney Keller: “Shane Osborn should come clean about the misleading claims he’s made about his resume.”

Washington, DC – The Club for Growth PAC issued the following statement in response to a news story in The Hill that Shane Osborn “exaggerated” his role on the Nebraska State Investment Council, which oversees the state pension of Nebraska. Shane Osborn claims on his website that, as Treasurer, he was responsible for “managing…$16 billion in pension investments,” but as The Hill reported, “the state Treasurer operates as an ex-officio, or non-voting, member of the board.”

Shane Osborn’s campaign website is not the only place that Shane Osborn has claimed he was in charge of “managing” Nebraska’s pension fund. On the website biography of his former company, Princeton Advisory Group, his biography says that “Treasurer Osborn oversaw…$17.5 billion in pension investments.”

Even former Nebraska State Treasurer Dawn Rockey told The Hill that “I think that’s a pretty broad brush that he’s using there. The Treasurer certainly does not have direct control over the state’s pension money.”

“Shane Osborn says he’s running on his record as Treasurer, but now it turns out he has been exaggerating his resume all along,” said Club for Growth Spokesman Barney Keller. “First we find out that Nebraska’s state auditor cited Osborn for mismanagement and waste, and now we find out that he didn’t actually have direct control over Nebraska’s pension. Shane Osborn should come clean about the misleading claims he’s made about his resume.”

“Further questions are raised by the fact that Shane Osborn’s former company apparently represented to clients that he had responsibility for investments on the Nebraska State Investment Council, when he was only a non-voting member. Shane Osborn should say whether or not he misled clients of Princeton Advisory Group into thinking he was something he’s not,” added Keller.