‍

Blake, Wm. Night VI, object 248. 1795.

‍

South Carolina officials are puzzled over a state bank account holding $1.8 billion, unsure of its purpose or origin. Governor Henry McMaster reassured the public, stating “no money was lost” amid ongoing investigations into the account’s mysterious funds.

The discovery stems from accounting issues during a computer system transition in the late 2010s.

Treasurer Curtis Loftis has accrued $200 million in interest from the account but blames Comptroller General Brian Gaines for the lack of clarity on the fund’s intended use. Loftis criticizes Gaines for trying to shift cleanup responsibility to the Treasurer’s office.

Governor McMaster has put a hold on spending the discovered funds until their intended use can be verified. Both Loftis and Gaines are expected to appear before a Senate investigative panel, with Gaines responding to inquiries while Loftis has not yet done so.