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The IRS told investigators Friday it lost some of Lerner's emails from January 2009 through April 2011 because of a computer crash. The IRS has been accused of targeting conservative groups applying for tax-exempt status with additional scrutiny during that same period.
King reacted with extreme disbelief Monday.
"I'm going to be a little flippant here and I don't - well, maybe I do mean to be. Do you believe in the Easter Bunny? Do you believe in Santa Claus? Do you believe that Lois Lerner's emails suddenly went poof?" King asked a panel of political reporters discussing the issue.
Watch the segment below.