A multibillion-dollar mishap has put South Carolina under federal investigation and now cost a top state financial official his job.

South Carolina’s State Auditor George Kennedy resigned on Wednesday after an outside audit found what was thought to be a $1.8 billion surplus in the state’s budget was actually an accounting error.

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.

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.

President Donald Trump quickly signed off on executive orders on Monday, his first day in the Oval Office. He also pardoned over 1,500 people charged with attacking the U.S. Capitol on Jan. 6, 2021, 34 of them from South Carolina.

George Kennedy submitted a resignation letter to the Governor's office as the state auditor after a $2 billion accounting error was found.

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In the letter, Kennedy said that it was “an honor and a privilege to serve the State of South Carolina during the past nine years.” “However, I believe that it is in the bes

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State Auditor George Kennedy III, who has been caught in the middle of the state’s accounting issues, including over whether a mysterious $1.8 billion existed, resigned from his job Thursday. Kennedy has been auditor since October 2015.