October 7, 2008
Track Down Unclaimed Funds in CA – Part 2 of 2
(Part 2 of 2)
One of the primary reasons for the inability of government give back forgotten money to residents, they say, is the fact that they cannot be tracked down. The problem is, would would ever think people like Angelina Jolie, ZsaZsa Gabor, Gerri Halliwell, Victoria Beckham, Keanu Reeves, Brad Pitt, Adam Sandler, Marlon Brando and Jennifer Lopez would be hard to find? Their names and the names of a number of other famous people are just a few of the names in the CA missing money database but they have not heard from the employees at the California Unclaimed Money Division. They are all owed checks for forgotten funds by CA ranging in amount from hundreds to the thousands in Ms. Jolie’s case. This just proves CA state employees’ interest in holding this cash in the general fund for use in balancing the budget deficits for as long as they can. In fact, there was a recent ruling by a federal judge on CA abandoned cash, stating that the state was not trying hard enough to return it to its rightful owners and for a while halted the state’s s ability to seize it until a new policy of returning it to the rightful owners has been adopted.
The total amount of unclaimed money in California averages $5 billion annually – just imagine how much interest that generates for the state! Sacramento attorney Bill Palmer who has fought in a number of cases involving California unclaimed funds, said the state’s program was created to be a lost and found for California residents. Sadly, it was turned into a profit making ‘business’ in the past few years.
The ban on the taking of property by California has since been removed and the new CA State Controller, John Chiang, is making greater efforts in the form of sweeping changes in improving how his office deals with CA unclaimed money. There is still a dire need though for Californians and residents of all other states across the U.S. to be informed about the presence of these funds and on how to do a thorough search for them.
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Million Left Unclaimed Stimulus Check Money (WMBD – FOX 43 Peoria)
WMBD/WYZZ – PEORIA – It’s nearly your final opportunity to file for an economic stimulus check. More than 153,000 Illinois residents have yet to file. That adds up to more than $45 million in unclaimed payments.
Financing frosh in a time of fear – Globe and Mail
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Financing frosh in a time of fear
Globe and Mail, Canada - "You need the money and you need it over the next four years," he says. "I'm sure there are people in need of taking money out today who will be calling … |
Million Left Unclaimed Stimulus Check Money – Central Illinois Proud
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Million Left Unclaimed Stimulus Check Money
Central Illinois Proud, IL - That adds up to more than $45 million in unclaimed payments. The deadline for the tax form is October 15th and many residents including retirees, … |
Stimulus money not yet claimed by all Cascade County residents – KPAX-TV
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Stimulus money not yet claimed by all Cascade County residents
KPAX-TV, MT - Tax Help Montana is offering an Unclaimed Stimulus Money Clinic this Friday from 1 to 5 pm at the Consumer Credit Counseling Service office located on … |
Call to donate winter fuel money – BBC News
 BBC News |
Call to donate winter fuel money
BBC News, UK - Anne O'Reilly of Age Concern said there was a wider problem of benefits being unclaimed. She said the government was better placed to redistribute money to … Reallocate Fuel Funds To Needy, Says MLA |
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