South Carolina lawmakers call to axe treasurer after $1.8 billion accounting error
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."
SC rocked by $1.8B accounting error, state leaders call for treasurer's impeachment
In a shocking revelation, a nearly $2 billion accounting blunder has rocked South Carolina’s state finances. On Wednesday evening, Governor Henry McMaster confi
South Carolina faces federal securities investigation over $1.8 billion accounting error
A South Carolina Department of Administration report revealed origins of a $1.8 billion accounting discrepancy that has puzzled lawmakers and residents alike.
Accountants skeptical following South Carolina’s reveal of $1.8 billion money mystery
South Carolina’s mysterious $1.8 billion in a bank account doesn’t exist. That’s the answer to the nearly year-long questions of “Where did this money come from” and “Who does it belong to?” State Treasurer Curtis Loftis says he’s accounted for every single cent.
$1.8 billion isn't missing after all in South Carolina, questions remain about error
COLUMBIA, S.C. -- It turns out that $1.8 billion in South Carolina state funds weren't just sitting in a bank account waiting to be spent. Instead, it was an accounting error compounded over years instead of being reconciled, an independent forensic audit determined.
House Democrat calls for SC treasurer’s impeachment over $1.8B accounting debacle
In the wake of a report that South Carolina’s financial leaders allowed a $1.8 accounting blunder to linger on the state’s ledger for nearly a decade, one House Democrat is calling for the impeachment of state Treasurer Curtis Loftis.
Legislators call for Treasurer's job after accounting errors uncovered
State legislators are weighing in now following the independent forensic audit by AlixPartners determined that accounting errors compounded over years, instead of being reconciled, were responsible for what had been reported to be $1.
Impeachment and investigation calls bubble against SC Treasurer Curtis Loftis amid SEC investigation
House Speaker Murrell Smith has pledged investigations into South Carolina Treasurer Curtis Loftis' handling of a $1.8 ...
Will SC House join calls to remove Treasurer Curtis Loftis after most of $1.8B didn’t exist?
I think it’s important to note, this is not any fraud, this is not a misrepresentation, that this is just incompetence, in ...
Charleston City Paper12h
Pressure grows on Loftis to resign over $1.8 billion snafu
Statehouse leaders are calling for the resignation or impeachment of state Treasurer Curtis Loftis over a $1.8 billion ...
SC lawmakers split on what comes next after report on nonexistent $1.8 billion surplus
A report found the accounting error was made about a decade ago, when the state converted from an old accounting system to a ...
Rep. Heather Bauer announces articles of impeachment against SC Treasurer
Representative Heather Baur will hold a press conference on Thursday to discuss the filing of articles of impeachment ...
WYRD-AM Radio Greenville on MSN1d
"Billion Dollar Blunder" SC Treasurer speaks on accounting miscues
It turns out that $1.8 billion wasn’t just sitting in a state bank account, waiting to be spent. A $3 million dollar ...
SC under federal investigation as auditors determine mystery $1.8B didn’t actually exist
Most of the mysterious $1.8 billion discovered on South Carolina’s books last year was never real. The seeming windfall was ...