South Carolina has $1.8 billion but doesn’t know where the money came from or where it should go
Loftis has said he invested the money in the mystery account and made nearly $200 million in interest for the state, which led to questions about why he didn’t let the General Assembly know money they either set aside for state agencies or that might have been in a trust fund was just sitting around.
Loftis said that wasn’t the job of his office.
Loftis — Curtis Loftis, to be specific — is the state treasurer.
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