South Carolina’s $1.8 billion accounting error

“An outside forensic audit that looked into the state’s books reported this week that at least $1.6 billion of the wrongfully counted money was essentially made up and not real cash.” The SEC has a separate investigation into a $3.5 Billion accounting error by the state’s former comptroller.

South Carolina Public Radio | The State House Gavel: Feds probe SC accounting error, audit reveals $1.8B source