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
$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 errors that have occurred over a period of time,” SC House Speaker Murrell ...
Most of SC’s mysterious $1.8 billion never existed, according to an independent auditor
SC Treasurer Curtis Loftis defended his office ahead of the report’s release, saying the money existed and has always been ...
southcarolinapublicradio4d
The State House Gavel: Feds probe SC accounting error, audit reveals $1.8B source
Statehouse reporters Gavin Jackson, Russ McKinney and Maayan Schechter are back at the Capitol reporting what you need to ...
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 ...
Lawmakers demand answers after $1.8B financial gap traced to accounting error in SC
The financial audit revealed most of the $1.8 billion was made up of entries made in a conversion error, not amounting to ...
Charleston City Paper2d
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 ...
WYRD-AM Radio Greenville on MSN3d
"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 ...