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A panel of South Carolina senators investigating the existence of a $1.8 billion account wanted to recommend Treasurer Curtis Loftis’ removal from office.
The state treasurer is the chief banker and investment officer of the state of South Carolina. [2] [3] As such, the state treasurer manages the cash flows and investments of all state funds and, in so doing, safeguards their assets. In 2022, the state treasury's custodial fund balances were approximately $2.8 billion.
South Carolina Treasurer Curtis Loftis has shrouded the state treasury in so much mystery that Benoit Blanc might be the only sleuth who could suss out the truth of it.
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The North Carolina man faced bankruptcy claims both personally and for his dealership business, court records show. Used car dealer buys $257,000 worth of cars — and every check bounced, NC cops say
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