South Carolina lawmakers call to axe treasurer after $1.8 billion accounting error

South Carolina lawmakers are calling for the state treasurer to be impeached after an independent audit found that a suspected $1.8 billion thought to be in a state bank account never existed.

The results of the audit, released earlier this week, found that $1.6 billion of the $1.8 billion believed to have existed was the “result of incorrect journal entries,” while the remaining $200 million were “already included in the reported bank balances of the” state treasurer’s office. After the report was released Wednesday, state Treasurer Curtis Loftis issued a statement saying the findings mean citizens “can be confident that their money is safe.”