South Carolina Comptroller Facing Heat For $3.5B Accounting Error

  • South Carolina lawmakers began efforts Thursday to fire Comptroller General Richard Eckstrom after a $3.5 billion accounting blunder.
  • The move comes one day after Eckstrom was strongly advised to quit or be fired.
  • The 74-year-old seasoned public accountant told senators in March he unintentionally exaggerated the state’s cash position by $3.5 billion by overstating the amount sent to colleges and universities for approximately a decade, according to The Associated Press.
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