Posted 4/2/2024, 11:19:00 PM
S.C. Senator Accuses Treasurer of Obfuscating $1.8B State Fund Flows
- SC senator says state treasurer Curtis Loftis breached public trust regarding $1.8B that moved through a state bank account over past decade
- Loftis provided few clarity to lawmakers about source/destination of funds during 6-hour hearing
- Accountants still trying to untangle mess; money shifted to account that helped balance books when numbers were off
- Comptroller General Brian Gaines said account was created by treasurer's office
- Senator suggests treasurer's office lost control, can't rely on Loftis to solve problems he created