The SC Senate to discuss the future of the state's finances after it was discovered $1.8 billion in missing funds didn't actually exist. Treasurer Curtis Loftis remains defiant about his role.

South Carolina State Auditor George Kennedy III and outside independent auditor Remi Omisore, a principal at CliftonLarsonAllen, speak to a Senate Finance subcommittee about the comptroller general’s office $3.5 billion financial reporting error. Joseph Bustos [email protected]

A South Carolina Department of Administration report revealed origins of a $1.8 billion accounting discrepancy that has puzzled lawmakers and residents alike.

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 Smith said.

COLUMBIA, S.C. (AP) — 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 lawmakers are calling for the state treasurer to be impeached after an independent audit found that a suspected $1.8 billion thought to be in a state bank account never existed. The results of the audit,

Representative Heather Baur will hold a press conference on Thursday to discuss the filing of articles of impeachment forTreasurer Curtis Loftis.The press conf

State Auditor George Kennedy's resignation follows the 2023 resignation of former Comptroller General Richard Eckstrom.

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,

COLUMBIA, S.C. — An audit of South Carolina's state finances finds that the puzzling $1.8 billion account mostly never existed in the first place.

The bills continue to pile up as South Carolina legislators consider spending more money on a series of accounting snafus that have the state staring down the barrel of a federal securities investigation.

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.