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
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.
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.
South Carolina Unveils $1.8B Accounting Oversight
An independent forensic audit has unveiled a $1.8 billion accounting oversight in South Carolina's state funds, dispelling hopes of a financial windfall. This discovery, rooted in past errors and compounded over years,
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 ...
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 ...
Connect to the Capitol: Following the $1.8 billion in mystery money
This week we connect you to the capitol by diving into a confounding $1.8 billion money mystery that dates back years at the ...
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 ...
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 ...
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 ...