October 16, 2008
Tracking Down CA Unclaimed Property – Part 2 of 2
(Part 2 of 2)
One of the primary reasons for the government’s inability give back forgotten money to the people it belongs to, according to the government, is the fact that they cannot be located. Problem is, would would ever think people like ZsaZsa Gabor, Angelina Jolie, Victoria Beckham, Gerri Halliwell, Brad Pitt, Keanu Reeves, Jennifer Lopez, Adam Sandler and Marlon Brando would be difficult to track down? Those names and the names of a number of other famous people are just some of the names in the Cali missing money list and yet they have never been contacted by the employees in the California Unclaimed Money Division. They’re all owed checks for forgotten funds by Cali ranging in amount from hundreds to the thousands in Ms. Jolie’s case. This just proves Cali state officials’ interest in holding this cash in the general fund for use in balancing the budget deficits for as long as they possibly can. As a matter of fact, there was recently a ruling by a federal judge on CA abandoned cash, saying that the state wasn’t doing enough to locate the rightful owners and has temporarily halted the ability of the state to take and hold it until a better policy of reuniting it with the actual owners was enacted.
The total amount of unclaimed money in California averages $5 billion annually – imagine the amount of interest that accrues for the state! Sacramento attorney Bill Palmer who has battled in a number of cases involving CA unclaimed funds, sad that the state’s department was supposed to be a lost and found for residents of California. Instead, it has been turned into a profit earning ‘business’ in recent years.
The ban on the seizure of property by California has recently been removed and the new CA State Controller, John Chiang, is making extra efforts in the form of sweeping reforms in improving how his office is handling California missing money. There is still a great need though for residents of California and the other 49 states across the U.S. to learn about the presence of these funds and on how to do a thorough search for them and take back what belongs to them.
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20,000 in area leave IRS stimulus checks unclaimed (The Toledo Blade)
After today, 16,741 people in 17 northwest Ohio counties and 3,096 in three southeast Michigan counties – nearly 20,000 in total – can kiss their federal economic stimulus checks good-bye, at least for this year. Midnight tonight is the deadline for filing a return with the Internal Revenue Service and still getting a check – worth $300 to $600 depending on one’s income – this year. The …
Dormant accounts: Get back your unclaimed assets – Telegraph.co.uk
 Telegraph.co.uk |
Dormant accounts: Get back your unclaimed assets
Telegraph.co.uk, United Kingdom - There is an estimated £466 million of unclaimed money in dormant NS&I accounts but if you add in other NS&I products – including unclaimed premium bond … |
Fewer Ohioans filing claims for unclaimed funds – Jackson Times Journal
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Fewer Ohioans filing claims for unclaimed funds
Jackson Times Journal, OH - COLUMBUS— The Ohio Department of Commerce’s Division of Unclaimed Funds reports that fewer Ohioans are checking for unclaimed funds, which led to fewer … |
Court: No interest due for unclaimed goods – San Francisco Chronicle
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Court: No interest due for unclaimed goods
San Francisco Chronicle, USA - (10-15) 17:20 PDT SAN FRANCISCO — Owners of dormant bank accounts and other unclaimed property seized by the state of California have no constitutional … |
Miller to host unclaimed funds event in Town of Wappinger – Poughkeepsie Journal
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Miller to host unclaimed funds event in Town of Wappinger
Poughkeepsie Journal, NY - WAPPINGERS FALLS — Assemblyman Joel Miller, R-Poughkeepsie, will join Wappinger Town Clerk Chris Masterson for a state Comptroller unclaimed fund event from … |
