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SC treasurer testifies before senators on $1.8B error

Summary by Live5News

Tensions were high on the grounds of the South Carolina State House on Thursday for a much-anticipated hearing on the state’s ongoing $1.8 billion debacle.

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Live5News

Center

SC treasurer testifies before senators on $1.8B error

Tensions were high on the grounds of the South Carolina State House on Thursday for a much-anticipated hearing on the state’s ongoing $1.8 billion debacle.

1 month ago

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The Post and Courier

Lean Right

Defiant SC Treasurer Curtis Loftis accuses Senate Republicans of falsehoods over missing $1.8 billion

South Carolina Treasurer Curtis Loftis faced Senate lawmakers in-person for the first time since the release of a forensic audit scrutinizing his role in a $1.8 billion error.

1 month ago·Charleston, United States

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WLTX

Center

Senate panel grills State Treasurer Curtis Loftis over $1.8 billion accounting error

Loftis, testifying before a Senate Finance subcommittee, said the conversion error that caused the issue came from within the former Comptroller General’s Office.

1 month ago·Columbia, United States

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fitsnews.com

Lean Right

South Carolina Treasurer Says Comptroller Is Lying About $1.8 Billion 'Amalgamation'

State's banker accuses its accountant of providing "false information" to analysts, lawmakers.

1 month ago

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Vero News

Anatomy of a debacle: How and why it all went wrong

How could the City of Vero Beach – a municipality with a veteran city manager, a professional finance staff, one of the nation’s largest accounting firms as its outside auditor, and a City Council to ask questions and provide oversight – have gotten itself into the current financial mess? In the past week, Vero Beach 32963 has tried to reconstruct the sequence of events leading up to state agencies blocking Vero’s access to at least a quarter-mi…

1 month ago

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ABC Columbia

"Not a penny is missing" - Loftis testifies before subcommittee over $1.8 billion accounting error - ABC Columbia

COLUMBIA, SC (WOLO) — During a heated exchange that lasted over three hours on Thursday, SC Treasurer Curtis Loftis testified before members of the SC Finance Constitutional Subcommittee, stemming from a $1.8 billion accounting error. The hearing became fiery early on, when Senator Larry Grooms asked Loftis’s attorney to not speak on Loftis’s behalf without being sworn in. “The sergeant will remove the gentleman from the room if he insists on te…

1 month ago·Columbia, United States

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