SC’s $1.8 billion accounting scandal explained in 10 questions
How South Carolina could lose, and subsequently find, $1.8 billion in "missing" money has confounded state lawmakers for nearly one year. Here's what happened.
Loftis recognizes Goose Creek’s Gilmore as ‘Educator of the Month’
South Carolina Treasurer Curtis Loftis has recognized Berkeley County School District’s Nathaniel Gilmore of Goose Creek High School as the South Carolina Financial Literacy Master Teacher Program’s E
After a $1.8 billion error, could South Carolina Treasurer Curtis Loftis be impeached?
Much of the $1.8 billion was found in a bank account only ever existed on paper, but legislators are left puzzled over how the mistake happened under Treasurer Curtis Loftis.
South Carolina auditor quits as treasurer vows transparency after $1.8 billion accounting error
As lawmakers expressed their outrage over the accounting error, State Auditor George Kennedy announced his resignation.
Rep. Heather Bauer announces articles of impeachment against SC Treasurer
Representative Heather Baur will hold a press conference on Thursday to discuss the filing of articles of impeachment forTreasurer Curtis Loftis.The press conf
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."
The Associated Press on MSN11d
$1.8 billion isn’t missing after all in South Carolina but questions remain about accounting error
Copyright 2025 The Associated Press. All Rights Reserved. South Carolina Treasurer Curtis Loftis, left, looks at notes before speaking at a meeting of the Legislative ...
Audit confirms South Carolina's $1.8B financial error largely nonexistent
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.
South Carolina state auditor resigns after $1.8 billion accounting error
This comes after an independent forensic audit determined an accounting error was responsible for nearly $2 billion mysteriously sitting in South Carolina’s bank account.
WSPA Spartanburg on MSN1d
South Carolina State Auditor resigns from office
COLUMBIA, S.C. (WSPA) – George Kennedy, South Carolina’s State Auditor, resigned from office Thursday. Kennedy, who has served in the position since October 2015, sent a letter of resignation to Governor Henry McMaster and the State Fiscal Accountability Authority.
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 errors that have occurred over a period of time,” SC House Speaker Murrell Smith said.
Why South Carolina state auditor submitted his resignation
A multi-billion-dollar mishap has put South Carolina under federal investigation – and now cost a top state official his job. How did we get here?