In South Carolina, the fallout from a $1.8 billion accounting error cost the job of the state auditor, while the state ...

Much of the $1.8 billion was found in a bank account only ever existed on paper, but legislators are left puzzled over how ...

In the wake of a report that South Carolina’s financial leaders allowed a $1.8 billion accounting blunder to linger on the ...

Statehouse reporters Gavin Jackson, Russ McKinney and Maayan Schechter are back at the Capitol reporting what you need to ...

I think it’s important to note, this is not any fraud, this is not a misrepresentation, that this is just incompetence, in ...

Sen. Larry Grooms listens to state Treasurer Curtis Loftis on Tuesday, April 2, 2024, during a Senate Finance subcommittee meeting concerning $1.8 billion that has been discovered in an account.

A multibillion-dollar mishap has put South Carolina under federal investigation and now cost a top state financial official ...

S.C. Treasurer Curtis Loftis asks for help from his staff on Tuesday, April 2, 2024, during a Senate Finance subcommittee meeting concerning $1.8 billion that has been discovered in an account.

South Carolina’s State Auditor George Kennedy resigned on Wednesday after an outside audit found what was thought to be a $1.8 billion surplus in the state’s budget was actually an accounting error.

This comes after an independent forensic audit determined an accounting error was responsible for nearly $2 billion ...