US EditionA $1.8 billion mistake could cost the South Carolina treasurer his job
- South Carolina lawmakers are attempting to remove State Treasurer Curtis Loftis from office for the first time in over 200 years due to a $1.8 billion accounting error and his failure to report it to the General Assembly.
- A report revealed that South Carolina's financial records have been inaccurate for a decade, and Loftis allegedly hindered investigations into the issue.
- The Senate held a hearing to question Loftis under oath, and the House's position remains unclear, with no strong calls for his ousting among Republicans.
- Loftis claimed that the attempt to remove him is politically motivated, arguing it undermines financial oversight and the right of voters to elect their Treasurer.
24 Articles
24 Articles
South Carolina lawmakers could remove treasurer over $1.8 billion error
South Carolina lawmakers are pushing to impeach the state treasurer over an accounting error from years ago. It would be the first time an official is successfully impeached in the state. A forensic audit traced the issue to a system conversion between 2012 and 2016. The treasurer denies wrongdoing, calling the impeachment push a "witch hunt" and accusing lawmakers of wanting to replace the elected treasurer position with an appointed one to c…
After saying he wouldn’t run in 2026, SC Treasurer Loftis launches reelection bid
On a day South Carolina senators formally introduced a resolution to remove state Treasurer Curtis Loftis, he remained defiant and confirmed his plans to run for reelection next year reversing course from a previous announcement. Loftis last year said he did not intend to run for reelection in 2026, a statement he made during a Senate budget hearing where a panel grilled on the $1.8 billion ...
Editorial: Independent SC auditor could prevent more financial blunders — if he speaks up
It’s still unclear what if anything the Legislature will do about a state treasurer who refuses to acknowledge that he did anything at all wrong during the many years that he and the now-resigned auditor and the now-resigned comptroller general…
A $1.8 billion accounting error snowballed over 10 years in South Carolina—and could cost the state’s treasurer his job
For the first time in over two centuries as a U.S. state, South Carolina lawmakers are going to try to remove a statewide elected official from office.
Associated Press News
A $1.8 billion mistake could cost the South Carolina treasurer his job
South Carolina lawmakers are going to try to remove a statewide elected official from office, for the first time in over two centuries as a U.S. state.
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