SC

SC Pension Fund Deal With Ports Authority Scrutinized

INVESTMENT WOULD HELP SUBSIDIZE NEW TERMINAL COST || By FITSNEWS || Whistleblowers at three separate state agencies have sounded an alarm about a controversial investment deal allegedly being pushed by leaders of the S.C. Retirement System Investment Commission (SCRSIC). According to our sources, the deal involves a “major investment” in a…

INVESTMENT WOULD HELP SUBSIDIZE NEW TERMINAL COST

|| By FITSNEWS || Whistleblowers at three separate state agencies have sounded an alarm about a controversial investment deal allegedly being pushed by leaders of the S.C. Retirement System Investment Commission (SCRSIC).

According to our sources, the deal involves a “major investment” in a government-owned terminal being built by the S.C. State Ports Authority (SCSPA) – which is also in the midst of a major harbor deepening project.

State taxpayers have already set aside big money for the harbor deepening effort – an estimated $300 million – along with another $400 million for the development of a new container terminal on the site of the former U.S. Navy base in Charleston harbor.

The rumored SCRSIC deal is said to involve funding for the terminal – which carries a total price tag of $800 million (not counting infrastructure enhancements).

According to our sources, S.C. Senate president/ finance chairman Hugh Leatherman – the most powerful elected official in South Carolina – is pushing SCRSIC commissioners to make a major “$100,000,000+” loan to the SCSPA.  In fact we’re told the loan would be offered at an exceedingly competitive rate.

“Leatherman wants the (SCRSIC) to loan the money at three (percent) where the best rate they have been quoted is twelve (percent),” one source said.  “The investment staff thinks this is bullsh*t and doesn’t want to go along with it.”

An executive branch source confirmed those particulars … however sources at the port say the information is inaccurate.

“Not true,” the source told us.

Our port sources did confirm that a push was underway to finance the remaining cost of the new terminal – and referred us to statements made publicly by port leaders in recent months.  In fact, the officials said FITS should be pleased given that part of the project was to be funded with private investment.

“There are several firms that are interested in investing in this space,” SCSPA president and CEO Jim Newsome said last year.  “And we’ll hope to do a deal with them.”

This website has repeatedly argued on behalf of leveraging private investment to expand port infrastructure.  Unfortunately, the SCSPA has been reticent to enter such deals in the past.  Also, recent competitive advantages provided to the state of Georgia by S.C. governor Nikki Haley have come at the expense of a proposed deepwater port in Jasper County, S.C. – where private investment has been expressly rebuked by port officials.

We have no problem with government retaining ownership of port infrastructure … but public management of these facilities is another question.

Port officials argue – correctly – that their ongoing $2 billion capital plan is vitally needed to keep the Port of Charleston competitive.

“Any top ten port has to spend this kind of money to remain in that position,” one official noted.

We agree … but we’ll be following the funding of those expenditures very closely to ensure taxpayers are being protected.

***

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153 comments

With gov't everyone loses May 11, 2015 at 11:27 am

A twelve percent loan will probably look like the deal of the century five years from now.

That being said, you can always count on taxpayer money(which is what the SC retirement system is ultimately, every last drop of it..including that money “given back” by the state employee since it started off as someone else’s money) to be handed away for almost nothing by the ne’er do well pols.

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Iftheyonlyknew May 11, 2015 at 11:33 am

Frankly, it was really only a matter of time til the powers that be looked at state pension funds like they are now. Surprised that the Governess didn’t include pension funds in her roads plan, or put current and future retirees on the hook for Volvo incentive money. It is the biggest candy jar the state has.

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Royal May 11, 2015 at 2:26 pm

Loftis needs to go public if there is any truth to any of this. Instead, he sneaks around using pseudonyms on FITS news. What a model for our children!

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Ken May 11, 2015 at 3:11 pm

These hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of the SC investment commission.

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Royal May 11, 2015 at 4:33 pm

These aren’t hateful comments. Every word is true. Ken= Loftis as do 2/3 of the other posts on here. Can you imagine? The State Treasurer spending taxpayer time anonymously posting on FITS News! This man shames the office. Wonder if Grady Patterson would have spent his time this way?

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Ken May 11, 2015 at 4:39 pm

These hateful, false and sad comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Time May 11, 2015 at 5:31 pm

Yes, Curtis Loftis,is a a vile gay man who abuses the power of the office and the staff of STO. The Koch brothers ? They have plenty of money to sue the shit of you, Curtis M. Loftis. You have no moral core and the Tea party ladies who like your pictures of churches on your Facebook will drop you like a piece of hot shit. You are a gross, sick individual with no moral core.. A piece of shit.. People are talking about you and your gross life style.. A sick man you are, Curt. You cannot be in charge of money in the STO and you cannot be on the IC. Resign before the shit ..

ken May 11, 2015 at 5:33 pm

These repugnant, shameful and hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

soon May 11, 2015 at 6:12 pm

He knows a lot about Curtis M Loftis and he will talk under oath . So will you Curtis M Loftis. Under oath, About the Bank of NY, about the retirees trust fund, about his intimate attorney friend getting millions of the retirees fund.. about laundering money.. about the Saluda Charitable Foundation.. .. Yes , under oath.. coming soon.

Ken May 11, 2015 at 6:14 pm

These hateful, scornful, repugnant and pitiful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Loftis May 11, 2015 at 6:17 pm

STFU Loftis.. Vile, sick. gross Loftis.

Ken May 11, 2015 at 6:22 pm

These rage-full, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Great May 11, 2015 at 6:28 pm

The truth is coming to hit Loftis in his fat infected ass. Remember , Curtis Loftis, when you went to the Phoenix .. great times.. wasting money… tax payers money… great times,,

Ken May 11, 2015 at 6:29 pm

These, juvenile, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Drunk May 11, 2015 at 6:44 pm

STFU Loftis. You are sick and drunk.. Take your med. your mean, foul ass..

Ken May 11, 2015 at 6:57 pm

These guilt-ridden, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Great May 11, 2015 at 8:36 pm

Curtis M Loftis and abuse of power , vicious abuse of power, verbal abuse of power, sexual abuse of power with the STO is documented and will go to court. Curt, better resign now, before the shit hits the fan. It is the end of Curt… A great day in SC.

Ken May 11, 2015 at 8:43 pm

These nasty, evil, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

40+Strong May 11, 2015 at 9:07 pm

How about your investment returns? Less than .7%. How does that compare to the other state treasury offices? The bottom of the pack. Care to defend…

Ken May 11, 2015 at 9:28 pm

These silly, fiction based comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Scared May 13, 2015 at 12:15 pm

Hey, Curtis Loftis is getting very scared.. People are speaking truth to power… So many staff , former staff are speaking against Curt… Senate members, persons working for him or with him cannot stand his shit and his lies…

Wow for you May 13, 2015 at 2:49 pm

You say so. It must be true. Wow, you are really a god like character aren’t you!

How good for you.

Nasty May 17, 2015 at 6:13 pm

These nasty, evil, hateful, scornful, repugnant comments are brought to you by Melvin Curtis Loftis… The State treasurer of this fine State… A total disgrace to the STO . Another staffer leaving… Melvin Curtis Loftis will soon be resigning from office. It will be a great day in SC.

Abuse May 11, 2015 at 7:49 pm

So , he is the flavor of the week. We had many flavors of the week. .. The senate of SC voted against Loftis… 44 votes against Loftis. One no vote from Paul Thurmond. too young to know the vile ways of Curtis Loftis. Yes, we forgive him… He will know better next time. Nothing hateful, scornful in the statements by soon. Loftis. You are caught with your pants down.. Your ass is exposed and it is not very pretty. Abuse of power by Curtis Loftis is next. and it is against the State and Federal laws. Abuse of power ..

Ken May 11, 2015 at 8:16 pm

These nasty, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

adam evans May 11, 2015 at 12:02 pm

You can understand why the SCRIC overlords and Senator Naugahyde want to
remove the state treasurer from the investment commission board. He’s one of only a few keeping their hands out of the cupboard.

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BeachBum May 11, 2015 at 12:59 pm

The SRIC returns are so low that 3% would be a earnings BLAST!

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Melvin May 11, 2015 at 4:24 pm

Loftis earns less than 1% on funds he invests for the state. Wonder how that compares with other state treasurers? He never provides those kinds of comparisons. Wonder why?

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Melvin May 11, 2015 at 4:22 pm

Curtis Loftis sits on the Investment Commission. This can’t happen without his knowledge. Why isn’t he coming out publicly about this instead of furtively using FITS news and pseudonyms? What a coward.

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Ken May 11, 2015 at 4:49 pm

These sad, shameful and hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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Sordid May 11, 2015 at 7:05 pm

What in the world did he want this staffer to do? He hired him. he sang his praises and went with him for a long time . They took trips together and when they came back, they were not talking and he had to go away… Why, Loftis? Sordid here, Loftis. What is wrong with Loftis and his relationships with young boys? What is his relationship with the young boys in Ukraine? Sordid..

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Boys May 11, 2015 at 9:23 pm

I feel sorry about the young boys in Ukraine? What kind of foundation exposes young boys to a man Like Curtis M Loftis? Sordid and creepy. The attorney general, the Inspector general, the governor, the oversight legislative co,… and more , need to investigate this man. Curtis Melvin Loftis and the damages he has done to the State and to the tax payers of SC.

jake May 12, 2015 at 5:15 pm

Another filthy, hate filled post inspired by Dan Brennan

Everyone despises Curtis May 13, 2015 at 12:03 am

Curtis, do you really believe Dan is the only one who despises you? Poor, sad, sad, little creature you are, for you are clueless, aren’t you?

Jake May 13, 2015 at 7:25 pm

What a lovely disposition you have, Dan Brennan. Your photo on Grinder looks a little more grim. Should I post it, and your penis post, for everyone to see? Just let me know.

Jake May 12, 2015 at 5:14 pm

Another evil, nasty post inspired by Dan Brennan

Sconset987 May 11, 2015 at 12:41 pm

I don’t believe it. The retirement commission does not make direct loans. It gives money to third party managers who make investment decisions. None of those managers would approve a 3% interest rate loan because when the commission gave them money, it was with a target return more than double that. What I am reading sounds like another Curtis Loftis made up story.

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Don May 11, 2015 at 12:58 pm

This has been talked about for a long time, much longer than Loftis has been in office.

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Larry May 11, 2015 at 1:11 pm

Dan Cooper was consulted on this back when he was Chairman of Ways and Means. That us a long time ago.

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Melvin May 11, 2015 at 2:30 pm

Who consulted Dan Cooper? I’ll ask him about it tomorrow and we’ll see if you are lying, Curt. I’ll report back. Oh, what happened when he was “consulted?”

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Melvin May 11, 2015 at 2:29 pm

Who talked about it? First I’ve heard of it. Curt, if all you are going to do is Lie using pseudonyms while on state time, it’s time to look for other employment. We don’t need any of that.

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Ken May 11, 2015 at 2:57 pm

These hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and Mr. Brennan is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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oozing May 11, 2015 at 3:32 pm

Loftis, leave your former staffer alone. He knows a lot about you and your abuse of power. You are sure going over the deep , deep border of sanity . Is it how you want people to remember you? You are a sick fat ass.. oozing and gross. How many hard drives of State provided computers have you destroyed? How many State owned computers have you taken to Micro Byte Computer Center in Harbison? You did not follow protocol for sure… as usual you violated protocol , lied, abused power and exposed the data of South Carolinians to breach.. SC does not need another breach.

Ken May 11, 2015 at 3:33 pm

These hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of South Carolina.

Temper May 11, 2015 at 3:56 pm

Ken/Curt. You could not have him so now you want to bash him.. He did not want to do things that were illegal and gross. He left a long time ago. Get over him Curtee. Curtis Melvin Loftis , he knows a lot about you Sexual harassment is against State and Federal laws. He will expose you for what you are. a vile, bullying man with a vile temper, a vile disease and illegal activities. Go away, Curt. It is a matter of time… resign now, before you are exposed with all of your crap.

ken May 11, 2015 at 3:58 pm

These hateful and deceitful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Core May 11, 2015 at 4:24 pm

Loftis.. STFU Your former staffer left many months ago. Your former staffer knows a lot about you , Curtis Loftis, and he will exposed you for what you are . Abusing your power in office.. Sexual harassment. Against State and Federal Laws… Curtis, you are a vile gay man, abusing the power of your office. No degree and no moral core.

Melvin May 11, 2015 at 4:26 pm

Sounds like the Curt I know!

ken May 11, 2015 at 4:26 pm

These hateful, deceitful and sad comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Melvin May 11, 2015 at 4:27 pm

Why the hang up on Brennan, Curt? What’s between the two of you? You hired him.

Ken May 11, 2015 at 4:29 pm

These hateful, sad, deceitful and pitiful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Ken May 11, 2015 at 4:48 pm

These shameful, decietful hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Brian May 11, 2015 at 6:28 pm

If the Treasurer did order that a state owned and provided computer hard drive be destroyed, he should be investigated by SLED, the Inspector General or somebody. This is worse than Hillary.

Ken May 11, 2015 at 6:29 pm

These silly, hateful, scornful, repugnant, deceitful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Brian May 11, 2015 at 6:55 pm

No actually I am not Daniel Brennan. I am a private citizen and a retired state employee. I support passage of Senate Bill 675 and I believe the allegations that Loftis had a hard drive destroyed should be investigated.

Ken May 11, 2015 at 6:58 pm

These hateful, scornful, repugnant comments are brought to you by Daniel Brennan and friends of the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Violation May 14, 2015 at 7:40 am

The House Oversight Co. could investigate the MicroByte Computer center in Harbison and get all informations needed to make Curt resign…

Stop May 11, 2015 at 6:42 pm

The State treasurer did not follow protocol and had his state owned computer taken to a private company to have the hard drive replaced. Loftis did not get the hard drive back , so he had staff to get it back. and it was taken to have 4 holes drilled in it to destroy data.. This is a serious threat and exposes the data of South Carolinians. Loftis should resign on the spot. Exposing the STO data to breach, exposing my data and yours to breach.. Stop it now

ken May 11, 2015 at 6:47 pm

These sad, silly, .hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

ken May 11, 2015 at 6:46 pm

These juvenile, silly, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

JD May 11, 2015 at 12:57 pm

This has been talked about for a couple of years. It became a real possibility when Santee Cooper and The Ports Authority were “helpful” to Leatherman and Haley on the Volvo investment.
The Ports Authority’s return for the favor is the loan to build the terminal, where of course Leatherman and his cronies will make a fortune.
Santee Cooper’s return is environmental and regulatory relief and a promise to “assist” on their oversubscription to the new nuclear power plant.

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TigerT May 11, 2015 at 1:01 pm

$100,000,000? Pocket change to Leatherman.

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Melvin May 11, 2015 at 2:18 pm

Sounds like a Curtis Loftis LIE! He will do anything to keep his finger in the pot. This is not how the RSIC invests and Loftis knows it. He hates Leatherman and Haley and is willing to LIE to put them in bad light. There are enough bad things to point your finger at in government. This is not one of them. Curtis, you are despicable.

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Mac May 11, 2015 at 2:46 pm

Yes, by all means lets bring the Loftis Hate on. Lets make him responsible for everything.

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Ken May 11, 2015 at 2:55 pm

These hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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Abuse May 11, 2015 at 5:49 pm

Loftis is a gay man with no moral core.. A bully, abusing power of the office and abusing the staff and former staff of the STO. It is against State and Federal laws to abuse the power of the office and to bully and threaten the staff and former staff of the office of STO. Get ready, Loftis, you will get sue for abuse of power and you will be put in jail..

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ken May 11, 2015 at 5:52 pm

These repugnant , hateful comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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Vomit May 11, 2015 at 8:55 pm

Is that all you have , bastard Curtis Loftis? Attacking The Koch brothers? Their name is associated with many programs and many causes in the USA, medical, intellectual , philanthropic,.. Compare to Curtis Loftis and his name = gay, sick, infected balls … Not one accomplishment in SC.. Vomit..

Ken May 11, 2015 at 8:56 pm

These common, nasty, self-hating, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Well May 11, 2015 at 9:03 pm

STFU Loftis… The Koch brothers are well aware of you and of your sick vile penis. They do not want you and they will send you to pasture … There, you will reside in your shit as you well deserve it.

Ken May 11, 2015 at 9:04 pm

These self-hating, easy, scornful, repugnant and vicious comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

Tobacco Joe May 11, 2015 at 3:04 pm

My concern here is, years ago there was a similar situation, a loan was made from one State Agency to others. Loans with documents signed and the promise to repay when the following year. When time came for the loans to be repaid, Leatherman, Sen. McGill, Peeler and others forgave the loans and they were only repaid when other members of the Gen. Ass. found out about the abuse of power and abuse of process.
Just like other political promises made by these people, the promise and their word is not worth spit!

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Chief May 11, 2015 at 3:09 pm

Converse Chellis pushed a loan to the Patriots Point Authority in the amount of $10,000,000. It was the worst idea ever and most of the loan is outstanding. Chellis is long gone but the loan remains. It was a bad deal from day one

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DermodyDewyy May 11, 2015 at 9:12 pm

And Curt hired Southern Strategy Group lobbyist pushing for the Patriots Points loan extension? Curt doesn’t want this loan repaid. Chellis 2.0 has arrived.

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Ken May 11, 2015 at 9:14 pm

These petty, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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HerpOnMyJunk May 12, 2015 at 11:11 am

Curtis hired a lobbying group? That’s illegal.

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Kate May 11, 2015 at 4:42 pm

Infrastructure is an up and coming asset class. It is usually done through pooled funds, but not always.

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Curt = hypocrite May 11, 2015 at 9:15 pm

Curty boy keeps talking about the Koch’s. The last two months of pictures Will Folks has shower a picture of Curtis speaking at an AFP rally. This makes Curtis a huge hypocrite. Anyone surprised that Curty would talk shit about something he’s participated in. What a loser!

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Ken May 11, 2015 at 9:15 pm

These very petty, hateful, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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CurtHerp May 12, 2015 at 11:10 am

I thought the same thing when I saw Curtis’ alcohol and drug-fueled posts! Considering he has spoken at an AFP rally recently he really doesn’t have a leg to stand on with his opiate-induced comments on here. He must be really losing his shit these days.

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Dan's pill Pusher May 13, 2015 at 2:48 pm

How mad little Danny boi is, oh how very mad!

Little Gay Boi gets a job with Koch Brothers as token gay, non-military guy that runs a veterans operation (now thats a bad idea to start with!) and he seems so frustrated. He is forever telling people how happy he is. In fact, his gay belly is bulging with happiness.

I won’t let him run out of happy pills anytime soon! No, I can keep little Dan happy!

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Pradas May 11, 2015 at 9:33 pm

Curt’s office returns are some of the worst on the nation. Less than .7%. Why is he on the commission again? He can’t invest.

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Ken May 11, 2015 at 9:34 pm

These fiction based, scornful, petulant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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investor May 11, 2015 at 9:53 pm

What kind of an elected official would bash someone he previously hired on a public forum. And people wonder why his general counsel is leaving in May. Did curt try to force him to do illegal/questionable actions? The job posting for his general counsel is now posted online. What a disgrace.

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ken May 11, 2015 at 9:54 pm

These drug fueled, self indulgent, scornful, repugnant comments are brought to you by Daniel Brennan and the Concerned Veterans of America. The Koch brothers pay the bills for Mr.Brennan and he is happy to bash Mr. Loftis. Evidently, the Koch brothers don’t make enough money off of SC.

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VCA May 11, 2015 at 10:22 pm

So he is losing another Chief Legal Counsel? His prior Chief Legal Counsel left in the past year too? What is going on over there?

http://agency.governmentjobs.com/sc/default.cfm?action=viewJob&jobID=1140044

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John May 13, 2015 at 2:43 pm

Dan has created a little gay fantasy: That Curtis pays attention to him.

It is sad, but little pervs like Dan do that sometime. They project. Boys with little wee wee like Dan project a whole lot!

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West May 11, 2015 at 9:59 pm

The STO returns have been decreasing every year because of the expenses “C Wing” is taking from the investment earnings. Why have expenses gone up every year? How does this compare to the past four years?

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Ken May 11, 2015 at 10:08 pm

This is boring.
Time for dinner, but first a shower to rinse off the hate, envy and falsehoods.
But please continue to drink the nasty poison you stew. For me, I will have a nice steak and veg, and maybe a glass of wine.

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Left May 11, 2015 at 10:12 pm

Please leave curt, and stop harassing your former employees.

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Queen Curty May 12, 2015 at 11:06 am

Curtis is such a drama queen!

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Curtis Loftis May 11, 2015 at 10:08 pm

DAN BRENNAN IS THE DEVIL! Ahhhhhhhhhhhhh

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Ken May 11, 2015 at 10:09 pm

Silly, silly boy.

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PussyRiot May 12, 2015 at 11:05 am

“Hell fire!” – Curtis daily

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Kurt May 12, 2015 at 11:21 am

What did Curtis do to that poor kid?

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Dale May 11, 2015 at 11:50 pm

Doesn’t Curtis speak at American’s for Prosperity events? What’s his issues with the Koch’s all of a sudden?

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Hope May 12, 2015 at 2:06 am

I see Loftis is still up to his old tricks — anonymous blog comments, fake FB profiles, etc. Ah, a State Treasurer we can be proud of. Is he still obsessed with Andre Bauer?

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Liz May 12, 2015 at 8:08 am

During CL’s tenure, the State Treasurer’s Office has lost (and is still losing)many experienced,dedicated and hardworking long time employees with vast amounts of institutional knowledge. Even more telling is that ALL the people he brought in with him have also left.The exception is his deputy and chief babysitter, Clarissa Adams,who is as sleazy, unethical and clueless as he is.

Looking forward to Curtis’s response to this post under one of his many assumed names.

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Torres May 12, 2015 at 11:00 am

You have to wonder what Clarissa had to do to get that job

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Liz May 12, 2015 at 11:12 am

The only qualifications to work that closely with him are to have absolutely no ethical standards, lie with a straight face and to be able to continually follow him around like a puppy dog and stroke his over-sized ego. She is PERFECT for the job!

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Jake May 12, 2015 at 5:12 pm

Another petty, evil quote inspired by Dan Brennan

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Liz May 12, 2015 at 6:41 pm

“Jake”- I am not Daniel Brennan. Why do you blame all the negative posts on him? Why is it so hard for you to believe that there are lots of people who have figured out what a psycho scumbag Curtis is?

Jake May 12, 2015 at 7:10 pm

Just another deceptive post, inspired by Daniel Brennan and the Concerned Veterans. for America.

ShesEvenDumberThanSheLooks May 12, 2015 at 4:55 pm

well, daddy bought her the position see…follow the $$$$

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Jake May 12, 2015 at 5:12 pm

Another juvenile post by Dan Brennan

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Leave May 13, 2015 at 8:41 am

We are so very disappointed by Clarissa Adams and her behavior. Rolling along with Curt will give her some vile diseases that will have dramatic, unwanted consequences.. Wake up, Clarissa and take a long look at Loftis. Isn’t he disgusting? Leave him and do not look back.

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Liz May 13, 2015 at 11:52 am

Clarissa is no innocent. Just ask anyone in any of the agencies she had worked for. They were all happy to see her go because of her unethical behavior. She and Curtis ( or is it Jake?) are two peas in a pod.

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Big J May 13, 2015 at 2:41 pm

Danny boi,

Why you have your hate on for someone that works? You lay around in your apartment in PJ’s, soaking the Koch bros from everything you can while she is productive.

Not good for a little (wink wink) gay boi to hate on the working people. Besides, I need my bottom boi nice and servile. Not tense.

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Big Hector May 13, 2015 at 2:38 pm

Danny boi,

Gonna be on Grinder tonight. I need a really soft tush!

Hector

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HIV May 12, 2015 at 10:25 am

Oh Curtis give it a rest already. Go back into your office and listen to some more opera you big, gray homo

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Jake May 12, 2015 at 5:11 pm

Another nasty post inspired by Dan Brennan.

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DeLinda May 12, 2015 at 11:04 am

C. Melvin Loftis (that’s what we used to call him) is God’s gift to mankind. Just look at him! So intelligent, so much leadership, such a man! Any one who is anti-MelvinLoftis is a sinner. Sinners sin, it’s what they do. Liars lie it’s what they do! C. Melvin will be canonized for his behavior some day. God speed Melvin!

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Liz May 12, 2015 at 11:47 am

Sinners sin, liars lie and psychos rant. Enough said?

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Jake May 12, 2015 at 5:10 pm

More childish and hateful post by Dan Brennan

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Well hung & young May 12, 2015 at 11:19 am

Where can I apply for a job at the Treasurer’s office? I want to fight corruption in government and I have the qualifications Loftis is looking for!

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Jake May 12, 2015 at 5:10 pm

Another childish post inspired by Dan Brennan.

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Well hung & young May 12, 2015 at 11:20 am

Curtis will always be the bug man from west columbia to me!

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Jake May 12, 2015 at 5:09 pm

This post brought to you by Dan Brennan.

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Worthless May 13, 2015 at 8:31 am

The bug man from West Columbia, with no qualification, no education, no intellect to understand the world of finance. No degree from USC.., no degree from Midlands Tech… He violated the funds in the STO, the 529 funds…. take from DMV to pay the Bank of NY/Bony…..take from Unclaimed property … 50 million dollars….. Money unaccounted for from the pax payers of SC. Are his pockets getting fat as he violates the STO and abuses the power of the office? Violent temper, degrading his staff … “You are worthless, you are… “screaming and yelling and throwing things… Curtis Loftis is a disgrace to the STO and the State of SC.

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Bruce May 13, 2015 at 2:37 pm

Wow, Dan, you have your bitch on.

You might want remove your penis photo from Grinder. It is not impressive, and could prove to be embarrassing if ever it was measured.

I have a screen shot of it is you happen to lose your copy.

Bruce (hook up from Thursday night)

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jake May 12, 2015 at 5:21 pm

Dan and Friends,

Strong minds discuss ideas, average minds discuss events, weak minds discuss people. —Socrates

Jake

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jake May 12, 2015 at 5:22 pm

Hey Dan,

“You shall not bear false witness against your neighbor.

Exodus

Remember when you used to be a Christian?

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Simpson May 12, 2015 at 6:59 pm

I barely know Loftis and I don’t know Brennen at all but these anti-Loftis “hate postings” are examples of antisocial behavior and thought in their purest form. This is like some sociopathic hall of fame where self-destructive behavior is not only tolerated but celebrated.

Posters, I don’t give a twit about any of you, but for your own sanity get a hobby. This is not a good thing for anyone.

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Guest May 12, 2015 at 7:08 pm

Would you not agree that whoever is accusing Mr. Brennan of being involved in some sort of campaign against Mr. Loftis is also exhibiting the same behaviors?

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Simpson May 12, 2015 at 7:24 pm

I don’t know anything about that. I don’t know who is posting those comments and I doubt you do either. The point is the attacks against Loftis are out of school. It is antisocial behavior that displays sociopathic tendencies and cannot be defended on any level.

Again, I don’t really care, but this whole false world created by these anti-Loftis post are serious indications of mental instability.

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Guest May 12, 2015 at 7:47 pm

The fact is since no one signs their names none of us knows who is posting what. Someone is accusing Mr. Brennan of being involved in a smear campaign against Mr. Loftis, of lying, of not being a Christian but yet there is no more reason to believe that than it is to believe some of the accusations made against Mr. Loftis. Whoever is doing that seems to be to be exhibiting the same behaviors.

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Simpson May 12, 2015 at 7:55 pm

You fail to see that one “person “is being attacked, and the other “person” is defending. I say pox on both their houses, but the charges leveled at Loftis are so far off the scale that the response is meaningless.

The charges against Loftis defy all reason and are unlikely to be true. They are anonymous charges so no reasonable person would value you them, however, they are evidence of some sick puppies and that is what I see as disturbing.

Guest May 12, 2015 at 8:29 pm

What I see is anonymity seems to give posters permission to engage in uncivil debate and it should stop. If people have concerns about the Treasuer and his management of the STO they should stop posting on this and other sites and communicate their concerns to the appropriate legislative oversight committees. If employees or formers employees feel they have been mistreated, take him to court. Blogs are poor substitutes for legal and political process.

Jake May 12, 2015 at 8:43 pm

You are correct. anything of substance should be communicated to the proper authorities,

Making uncivil, nasty and hateful posting will do nothing but make you look like a fool.

Uptown May 12, 2015 at 8:49 pm

Simpson, I’m afraid that many of the former employees know exactly what is going on and hence all these comments, and that to me is cause for concern.

Even when Loftis makes a valid point (which I don’t find to be the case very often), it’s hard to take him seriously considering the circus he creates over every issue.

To say the comments “defy all reason and are meaningless” to me is turning a blind eye. unless you are an insider, you don’t know if the comments are meaningless or not. and considering every article involving Lofts ends up like this, it leads me to believe the opposite of you. I tend to think that there must be some validity to the accusations, however, a blog is not the place to bring anything of that nature to light.

either way, the comments are entertaining from a trailer park party point of view, but it seems pretty sad to me.

Jake May 12, 2015 at 8:54 pm

You have a deceptive soul but you are not as clever as you think.

Dan, you made direct accusations. Just prove them…send the emails that you claim Loftis has sent you since you left. They are supposed to be harassing and threatening. Show them with the date stamp and the addresses.

It will take 5 minutes. Please Mr. Brennan, you have made hundreds of charges, 99% can’t be substantiated. but this can.

I await your posting of the letters and text messages that you claim to be threatening and harassing.

Easy as pie. Come on, Dan, post them.

Guest May 12, 2015 at 9:05 pm

I agree. I am frankly concerned that the legal settlement Mr. Loftis negotiated with the Bank of New York was not in the best interest of retirees and active employees. Rather than debate the settlement on a blog, I have communicated my concerns to the Legislative Oversight Committee. If they decide to look into the matter, great.

Jake May 12, 2015 at 9:12 pm

Great. That is appropriate. They can look into anything and see for themselves.
But making pathetic, wild, nasty and juvenile charges on a blog is for morons and liars. Pure, soulless liars.

KE May 12, 2015 at 7:50 pm

You know what I see?

I see Dan Brennan saying Mr. Loftis is sending him harassing emails. Why doesn’t Brennan just post them?

I see Brennan saying loftis has sent him harassing text messages. Why not post them?

I see Brennen running a smear campaign on his Facebook page and a few people believing him. Too bad they did not ask for proof.

Brennen has been specific. Show the recent emails and text messages showing the harassment.

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stupid is as stupid does May 12, 2015 at 8:43 pm

who would be dumb enough to do that, when more than likely all those messages could end up in court. nice try though.

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Jake May 12, 2015 at 8:48 pm

No, dummy, you are wrong.

Dan Brennan is just lying. That is what he does best. If Loftis has been sending him emails and text messages since he left the treasurer’s office, then post them. Show everyone. Otherwise, it is nothing but a continuation of the lies he tells on here every time Loftis’s name shows up.

It is like the commercials says; Liars lie, that is what they do.

Come on Dan, just show us the emails and text messages. curt and paste, including the address and time stamp. Come on Dan. Come Dan!

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stupid is as stupid does May 12, 2015 at 8:53 pm

you can lead a horse to water, but you can’t make him drink. Too bad your skull is thicker than your skin.

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Jake May 12, 2015 at 8:57 pm

Just post the letters Dan. You said you had them. You got them recently. You said you were threatened. You have been blabbing all over Facebook about it. You have been playing the sympathy card.

Put up or shut up, Dan Brennan. It is so easy. Show the letters.

don't care who you are May 12, 2015 at 9:02 pm

you remind me of a bratty little 5 year old, who throws temper tantrums when they don’t get their way, and sit there begging their parents for something even though they were told no a dozen times.

keep begging…it brings us readers great joy.

Jake May 12, 2015 at 9:04 pm

So, in other words you won’t post the threatening emails.

Great. Dan Brennen admits he lied about the threatening emails and text messaged. He can’t produce them.

Wow. That is pathetic.

I don't get it May 12, 2015 at 9:07 pm

you are dumber than a pile of rocks.

Jake May 12, 2015 at 9:10 pm

I may be dumb, but I am not a pathetic liar.

Dan, produce the emails and text message. I want to see them. Your Facebook friends want to see them. Embarrass Loftis in 5 minutes. Yes, by telling the truth you can embarrass Loftis!

Otherwise, all your other charges are just more lies. Lie after lie.

hector the deflector May 12, 2015 at 9:12 pm

the art of deflection…the master ladies and gents.

Jake May 12, 2015 at 9:16 pm

Deflections is nuisance.

Lies are the work of morons and the poorly developed.

Dan Brennan lied. Period. He did it to make himself look put upon or abused. But in reality, it was just a simple play for attention.

He has made hundreds of lies. Pathetic, really, when you think of it.

But he could show us those emails right now. But he can’t. He lied.

Trash May 13, 2015 at 12:29 pm

Curt, you are embarrassing yourself … You do a splendid job by posting on Fits. What a sorry State treasurer you are… Sorry man, sorry human being , You are trash

Mic May 13, 2015 at 2:30 pm

You say everyone is Curt. Is that supposed to be insightful? Clever?

It is juvenile. Silly. Immature. Deceptive. Yep, its Dan.

Imbecile May 13, 2015 at 12:24 pm

Curtis Loftis is pathetic.. From way back, we have learned his ways… He is a bully, attacks and discredits people. Then he shits his pants when he is exposed for the blowing idiot that he is. Loftis is an imbecile who has cost the tax payers of this State million of dollars. Resign… abuse of power is against the law.

Mark May 13, 2015 at 2:29 pm

made up assaults like a 2nd grader writing on a bathroom wall. How child like. Perhaps you still wet your little bed?

Why, curt, why? May 12, 2015 at 11:55 pm

Why are you all over Dan’s facebook page, Curtis? You are the lowest form of pathetic. Get a life and do your job.

Fred May 13, 2015 at 2:28 pm

I just checked. No sign of Loftis anywhere on Dan/s page.
How easy for you to lie.

Ah May 13, 2015 at 12:17 pm

Curtis Loftis is very scared… Abuse of power and people speaking truth to power… AH…

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Jake May 12, 2015 at 9:18 pm

Dinner is served. I must go.

Dan, I look froward to seeing those abusive email an text message you have gotten over the last 4 months.

Take 5 minutes and prove you are not a liar.

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Thankful May 13, 2015 at 8:07 am

I have never seen an elected official take such heat before. It tells me a couple of things.

1. That he has pissed off the right people. Honest people don’t take tho the anonymous blogs to act like 2nd graders learning to curse and gossip on bathroom walls.

2. The people that have been managing the state’s money are not the sort we want. Of course every taxpayer has always known this, but now we know it for sure.

Good luck, Mr; Loftis, you are going to need it.

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