Chicago, IL – On Thursday, January 22, organizers in Anti-War Committee (AWC), Chicago, United States Palestinian Community Network (USPCN), and BDS Chicago braved the cold to host a press conference demanding that Illinois State Treasurer Michael Frerichs divest state funds from Israel Bonds. They were joined by rank-and-file members of the Service Employees International Union (SEIU) Local 73 to announce that they are filing their third ethics complaint against Frerichs for his investments.

“Michael Frerichs, what don’t you understand? We are not going to stop until you divest from Israel,” declared AWC Chicago Co-chair Jae Franklin, addressing the crowd gathered outside the Illinois State Treasurer’s office.

A representative from SEIU Local 73 for Palestine, Gaby Martinez, explained the reason for the complaint. “Treasurer Frerichs needs to be censured in that he is not investing for the people of Illinois, but for his personal political agenda.” The charges submitted to the Executive Inspector General include “abuse of authority, corruption, favoritism, improper use of state time and other resources, and prohibited political purposes and misuse of political assets.”

The state of Illinois currently has $100 million actively invested in Israel Bonds, making Illinois one of the leading state governments supplying material support to Israel. Funds raised from the sale of Israel Bonds are unrestricted. They are transferred directly into Israel’s general budget and can be used for any purpose. “We’ve seen what they do with these resources,” stated Franklin, “mass starvation, occupation, the destruction of schools, hospitals, places of worship.”

Organizers spoke to the repression they have faced from the state treasurer’s office, as well as from the Illinois State Board of Investments (ISBI), who are also under fire from the public for their investments in companies that provide material support to Israel.

Tulsi McDaniels from the Chicago Alliance Against Racist and Political Repression (CAARPR) recounted her experience of being forcibly removed from the most recent ISBI meeting. “State police separated us and purposefully brutalized another protester in the room – but not before denying us entrance unless we removed our keffiyehs.” The meeting was also delayed by over an hour, and protesters were left to stand outside in freezing temperatures.

Noura Ebrahim from the United States Palestinian Community Network (USPCN) summed it up, “Frerichs is clearly more comfortable engaging with representatives of Zionist organizations and supporters of genocide than with the people whose money he manages—a profound breach of public trust.” Michael Frerichs still has not publicly addressed any calls for divestment.

Protesters were also joined by state senator and candidate for Illinois comptroller Karina Villa, who represents the 25th District of Illinois. She spoke to the connections between these atrocities overseas, and the violence being committed by ICE within the United States itself, both of which are funded by taxpayer dollars stating, “These monsters that are wreaking havoc at home or abroad, this Donald Trump regime, understands one thing: he understands money. We understand money, too. This is Illinoisans’ dollars.”

Organizers attempted to deliver a copy of the ethics complaint to the state treasurer’s office but were denied entry. They were told that a representative from the office would come down to receive the papers, but no one ever arrived to do so. Eventually, the papers were handed off to the state police officer managing the entrance, who said that they would be delivered.

Call Frerichs’ office and sign the letter to divest!

Organizers are urging the public to call Michael Frerich’s office and demand for him to divest from Israel Bonds, starting with two bonds with a total value of $15 million that are set to expire on February 1.

Illinois residents can also sign the letter to divest as an individual or endorse as an organization to join the divestment network. For updates about the campaign and further calls to action regarding divestment, follow @uspcn, @bdschicago, and @antiwarchicago on Instagram.

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