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.

As lawmakers expressed their outrage over the accounting error, State Auditor George Kennedy announced his resignation.

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

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 ...

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.

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.

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.

A multibillion-dollar mishap has put South Carolina under federal investigation and now cost a top state financial official his job.

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."

Representative Heather Baur will hold a press conference on Thursday to discuss the filing of articles of impeachment forTreasurer Curtis Loftis.The press conf

One of the biggest conversation topics recently in South Carolina was the “mystery” $1.8 billion, reported to be found in a state account.

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.