AG drops probe into SC retirement commission chair - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

AG drops probe into SC retirement commission chair

Posted: Updated:

Associated Press

COLUMBIA, S.C. (AP) - South Carolina's top prosecutor has dropped a probe into allegations that the chairman of the agency that invests public workers' pension money benefited from a commission investment in forestland.

Deputy Attorney General Allen Myrick said in a letter dated Oct. 8 that state prosecutors declined to pursue the matter further.

More than a year ago, state Treasurer Curtis Loftis called for an investigation into allegations that Retirement System Investment Commission chairman Reynolds Williams had profited from his law firm's work on a forestland investment deal made with the commission.

Williams recused himself from the vote concerning the deal. On Wednesday, one of his attorneys said Williams was pleased the matter had been dropped.

A spokesman for Loftis said the treasurer was committed to ensuring transparency of the state's investments.

Kinnard can be reached at

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most Popular


Like Us On Facebook

Powered by WorldNow


888 Allbritton Dr.
Mt. Pleasant, SC 29464
843-881-4444 | Advertising Information

Public Information File

For assistance with accessing WCIV-TV's public information file, click here.


Advertising Credit Application and Terms and Conditions PDF.

Powered by WorldNow
All content Copyright © 2014 WCIV and Worldnow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.