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mercuryblues

(15,359 posts)
10. Loftis should be keeping a low profile right now.
Sun Apr 21, 2024, 05:36 PM
Apr 2024

Not drawing attention to himself.


He is essentially blackmailing the state

https://www.msn.com/en-us/news/politics/treasurer-denies-south-carolina-senate-accusation-he-risked-cyberattack-in-missing-1-8b-case/ar-BB1lJRUq

COLUMBIA — South Carolina’s treasurer was planning to publish the state government’s bank account numbers online, inducing a Statehouse panic and fears of a cyber attack. It took legal threats and calls from the governor and the state’s top cop to stop him, the chairman of a Senate investigative panel reported Tuesday.

During a tense hearing in which lawmakers grilled state Treasurer Curtis Loftis over his office’s failure to flag $1.8 billion money that sat untouched in a bank account for more than five years, the state’s investment banker said he would publish an 80-page report listing sensitive financial information about South Carolina’s treasury.

Legislators did not think he was serious, said Sen. Larry Grooms.

Then, two days later on April 4, a letter came setting off a flurry of activity, the Bonneau Beach Republican said on the Senate floor Tuesday during a report of his investigative committee’s findings.

Loftis, in writing, again announced his plans and blamed the Senate investigators for what he was about to do. The lawmakers scrambled to stop him.


I love it when they eat each other for breakfast


https://apnews.com/article/south-carolina-missing-money-treasurer-comptroller-b1a3de2ff842bf1a9c9edc75c36b9d5e
COLUMBIA, S.C. (AP) — A South Carolina senator said the elected state treasurer has breached the public trust after lawmakers didn’t get much clarity Tuesday about how $1.8 billion moved through a state bank account over the past decade — without anyone knowing where it came from or was supposed to go.

For six hours, Republican Treasurer Curtis Loftis answered questions, sometimes yelling at senators, and other times saying he didn’t have the answers. He told the chamber he wasn’t given information he requested to try to untangle the mess that started as the state shifted accounting systems in the mid-2010s.

But he left before Republican Sen. Larry Grooms summed up the day by saying, “Apparently Mr. Loftis has lost control of the state treasury,” and the General Assembly can’t rely on him to solve the problems he created.

“Mr. Loftis has abrogated his responsibility as a state treasurer. He has breached the public trust,” said Grooms, a powerful Republican elected in 1997.

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