South Carolina Treasurer Curtis Loftis said Wednesday that calls for him to resign over an accounting error that left the state trying to figure out what happened to a $1.8 billion fund amounted to a witch hunt.
We can’t allow a treasurer to be pushed out because of other people’s failures” South Carolina Treasurer Loftis told a House Ways and Means panel.
Statehouse reporters Gavin Jackson, Russ McKinney and Maayan Schechter are back at the Capitol reporting what you need to know when lawmakers are in Columbia. They'll post news, important schedules, photos/videos and behind-the-scenes interviews with policymakers.
How South Carolina could lose, and subsequently find, $1.8 billion in "missing" money has confounded state lawmakers for nearly one year. Here's what happened.
The South Carolina Treasurer defended his actions to a House committee Wednesday, amid calls for his resignation.
The South Carolina Treasurer defended his actions to a House committee Wednesday, amid calls for his resignation.
As lawmakers expressed their outrage over the accounting error, State Auditor George Kennedy announced his resignation.
The results of the audit found that $1.6 billion of the $1.8 billion believed to have existed was the "result of incorrect journal entries."
Statehouse reporters Gavin Jackson, Russ McKinney and Maayan Schechter are back at the Capitol reporting what you need to know when lawmakers are in Columbia. They'll post news, important schedules, photos/videos and behind-the-scenes interviews with policymakers.
S.C. Treasurer Curtis Loftis on Tuesday, April 2 ... COLUMBIA — In the wake of a report that South Carolina’s financial leaders allowed a $1.8 billion accounting blunder to linger on the state’s ledger for nearly a decade, one House Democrat is ...
This comes after an independent forensic audit determined an accounting error was responsible for nearly $2 billion mysteriously sitting in South Carolina’s bank account.
One of the biggest conversation topics recently in South Carolina was the “mystery” $1.8 billion, reported to be found in a state account.