South Carolina Treasurer Curtis Loftis says calls for him to resign over an accounting error that left the state sorting out what happened to a $1.8 billion fund amounted to a witch hunt.

We can’t allow a treasurer to be pushed out because of other people’s failures” South Carolina Treasurer Loftis told a House Ways and Means panel.

Much of the $1.8 billion was found in a bank account only ever existed on paper, but legislators are left puzzled over how the mistake happened under Treasurer Curtis Loftis.

The South Carolina Treasurer defended his actions to a House committee Wednesday, amid calls for his resignation.

The results of the audit found that $1.6 billion of the $1.8 billion believed to have existed was the "result of incorrect journal entries."

South Carolina’s mysterious $1.8 billion in a bank account doesn’t exist. That’s the answer to the nearly year-long questions of “Where did this money come from” and “Who does it belong to?” State Treasurer Curtis Loftis says he’s accounted for every single cent.

In South Carolina, the fallout from a $1.8 billion accounting error cost the job of the state auditor, while the state treasurer is vowing to push forward with a ...

This comes after an independent forensic audit determined an accounting error was responsible for nearly $2 billion mysteriously sitting in South Carolina’s bank account.

One of the biggest conversation topics recently in South Carolina was the “mystery” $1.8 billion, reported to be found in a state account.

COLUMBIA, S.C. -- It turns out that $1.8 billion in South Carolina state funds weren't just sitting in a bank account waiting to be spent. Instead, it was an accounting error compounded over years instead of being reconciled, an independent forensic audit determined.

SC needs leaders who prioritize public service over ego, and financial system managed by professionals committed to transparency, accountability and public good

Curtis Loftis is South Carolina's state treasurer. Editors' Note: Mr. Loftis had posted the claim about earning interest to his social media page before he testified before the Senate subcommittee.