South Carolina Senate Votes to Oust State Treasurer Over $1.8 Billion Error

Members of the South Carolina Senate voted on April 21 to remove the state’s embattled treasurer for “willful neglect” of his duties, sending the matter to the state House for consideration.
The 33–8 vote followed an hours-long hearing of the full Senate, during which state Sens. Larry Grooms and Stephen Goldfinch, both Republicans, pushed for state Treasurer Curtis Loftis’s removal over a $1.8 billion accounting error.
“The big secret of Treasurer Loftis, the one that he’s kept hidden away, is that there are hundreds and hundreds and hundreds of millions of dollars in errors in the Treasury books today, and he doesn’t know how to fix them,” Grooms said in opening the hearing….