South Carolina lawmakers call to axe treasurer

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."
$1.8 billion isn’t missing after all in South Carolina but questions remain about accounting error
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,
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
Richland Co. Rep. files articles of Impeachment of treasurer following $1.8 billion accounting error
Thursday morning Richland County Representative Heather Bauer announced she has filed articles of impeachment against SC Treasurer Curtis Loftis. Bauer says, over almost a decade, the treasurer knew or should have known of serious reporting errors.
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.
Rep. Heather Bauer files articles of impeachment against SC Treasurer after $1.8 billion accounting error
Rep. Heather Bauer (D - Richland) is calling for Treasurer Curtis Loftis to resign following a $1.8 billion accounting error.
Lawmakers press State Treasurer, discuss next steps after $1.8 billion error audit report
The financial audit revealed most of the $1.8 billion was made up of entries made in a conversion error, not amounting to real cash.
$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 ...
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 ...
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"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 ...
Loris nonprofit treasurer accused of embezzlement set to appear in court
A nonprofit treasurer accused of draining the organization’s bank account is set to appear in court for the first time since ...
SC leaders reveal how $1.8 billion mysteriously ended up in state bank account
The Treasurer's part of the conversion didn't go as planned, and funds ultimately accumulated the $1.8 billion cash balance.