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South Carolina Treasurer Says Comptroller Is Lying About $1.8 Billion ‘Amalgamation’
State’s banker accuses its accountant of providing “false information” to analysts, lawmakers.
5 comments
So, we think we know the $1.8 billion was “fictional”
and
We think we know it was purely an accounting error caused by the differing and arcane accounting methods used by the state and our universities (that’s new) (and ever heard of GAAP?)
and
Current and former “gubamint officiators” are now arguing over who lied and who’s fuller of shite than a Christmas goose.
Sounds like a normal day in the gubernoring of South Carolina.
Seriously, hire a couple of good accountants and let’s settle this thing.
I saw some of this hearing on TV. Senator Grooms is not a smart man. He kept yelling about liars, and accused Loftis of TREASON . What an idiot. By the end of it Senator Grooms was crouched in his chair like he had the flue and Loftis got up, grabbed his suitcase and stole out like a colossus. It is damn good fun to see the Senate step in shit and get called out for it.
If ever there was a cock up it is this. The committee’s line of reasoning is tortuous and the head guy Grooms is unhinged. We need to DOGE this committee.
Isn’t Senator Steven Goldfinch the guy that was indicted for selling baby parts over state line? And the guy being sued in SC for trying to swindle a Treasure hunter?
How does he have a law license?
Curtis Loftis has been probably THE most consistently honorable and honest elected official this state has, for years. Those trying to take him down bear close watching. They should not be trusted.