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.

South Carolina has collected about $1.8 billion in a bank account over the past decade and accountants are trying to figure out where the cash came from and where it was supposed to go.

South Carolina's embattled top accountant will resign next month after a $3.5 billion accounting error in the year-end financial report he oversaw.