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Audit Reveals $1.8 Billion Blunder in SC Funds

1/16/2025

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Summary

Story summary

A shocking audit has uncovered that a staggering $1.8 billion in South Carolina state funds stemmed from a persistent accounting blunder, raising serious questions about Treasurer Curtis Loftis's responsibility. As investigations probe possible negligence or cover-up, Governor McMaster has dismissed the matter as a mere error, while lawmakers are gearing up for deeper inquiries.

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Story summary

A shocking audit has uncovered that a staggering $1.8 billion in South Carolina state funds stemmed from a persistent accounting blunder, raising serious questions about Treasurer Curtis Loftis's responsibility. As investigations probe possible negligence or cover-up, Governor McMaster has dismissed the matter as a mere error, while lawmakers are gearing up for deeper inquiries.