South Carolina officials have discovered a bank account belonging to the state containing a whopping $1.8 billion — but no one seems to know why or how it got there.
“It’s like going into your bank and the bank president tells you we have a lot of money in our vault but we just don’t know who it belongs to,” hethat the $1.8 billion discovery comes soon after former Comptroller General Richard Eckstrom stepped down last year after his agency “started double posting money in higher education accounts, leading to a $3.5 billion error that was all on paper.
New Comptroller General Brian Gaines is allegedly “attempting to shift responsibility to clean up its mess to the Treasurer,” Loftis complained in a March 14 letter to Grooms. The treasurer has also taken to social media to complain about the heavy workload placed on his office to investigate what happened, asking his Facebook followers to “pray for my staff as they are working tremendous hours due to this situation.”
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