Colombia, SC – South Carolina’s Republican-dominated Senate and its elected Republican Treasurer faced a remarkable hearing on Monday as the senators tried to expel the treasurer from the office due to $ 1.5 billion accounting error.
The hearing ended with more than two years of investigation in the Senate, when state accountants involuntarily exaggerate the money paid by colleges and universities by $ 3.5 billion.
It led to the discovery of an account error that began a decade ago when the state changed from an accounting system to another accounting system. If accountants cannot balance the two sets of books into a thousand accounts with different definitions, they are adding it to a special account year after year until it increases up to $ 1.8 billion.
It was Forensic Accountants, who were paid a few million dollars, eventually exposed to it that almost all of the $ 1.5 billion was not the real meaning, but only a defect.
The two Republicans have called for Senator Loftis to be expelled from the office, he will no longer believe in operating bank accounts in South Carolina. They complained that he never made mistakes to the lawyers as necessary by the law when he refuses to take accountability.
Sen. Stephen Goldfingch said, “He is a liar who was so concerned with his public presence that he would do and say something on Cover,” Sen Stephen Goldfingch said.
The Loftis Senate called the investigation a magical victim. He repeatedly said that no money was missing and the faults were not made in his office, though others have testified separately. The treasurer said that the state threatened the powerful credit rating of the state by continuing to concentrate on mistakes.
His lawyer Deborah opened a three -hour case of Treasurer with a picture of Loftis and Republican President Donald Trump on a screen in Barbia. He mentioned that he won the election four times and would face voters again within six months. Loftis had earlier said that he would not run for re -election.
“Don’t want to say to the people that you are better than them,” the Barbia State Senate said from a temporary laketer on the back of the Senate Chamber. “Let’s decide on these national issues in the ballot box.”
After the hearing, senators can ask questions. A two-thirds of the Senate’s vote will be needed to decide to “neglect responsibility” to “neglect of responsibility” and to send the matter to the House, which will also hold on to two-thirds of its own votes to remove the treasurer.
One of the four senators present on Monday will have to vote against Loftis to continue the process.
South Carolina has not been removed this way since becoming a state 225 years ago.
The House Republican leaders did not indicate whether they would accept the matter.
Gromes said the books were not yet fully straightened, and the accountants are fighting the Lofte’s office and how they operate the bank accounts in the state.
Gromes said the treasurer has been trying to protect his reputation in his office and fame for 5 years.
“Because of his failure, the best friend of the taxpayer’s self-proclaimed best friend is spending millions of legal, monitoring and supervising fees,” Gromes said. “With these national friends, who need tax-o-expenditure liberals” “
Under the oath, a Senate subcommittee has heard the question to question Loftis. They have been controversial. Loftis condemned the papers, complained of the magical victims of the Senators and threatened to get up.
As soon as the hearing began on Monday, he did not show any external signs of frustration or anger.
Leave a Reply