(Part 2 of 2)

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 represented a number of cases involving California unclaimed funds, said the state’s program was created to be a lost and found of sorts for Californians. Instead, it was turned into a profit earning ‘business’ in recent years.

The ban on the taking of property by CA has since been removed and the new CA State Controller, John Chiang, is making greater efforts in the form of sweeping reforms in improving how his office handles CA unclaimed money. There’s still a great need though for Californians and residents of all other states across the U.S. to be informed about the presence of these properties and on how to perform a thorough search for them and take back what belongs to them.

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Illinois Stimulus Checks Still Unclaimed – WIFR

Illinois Stimulus Checks Still Unclaimed WIFR, IL - 13 minutes ago We have until October 15th to file income tax forms to get these checks. Illinois is ranked in the top ten for most unclaimed money.

Illinois Stimulus Checks Still Unclaimed (WIFR Rockford)
For those having a tough time paying electricity bills, in Illinois there’s still 46-million dollars worth of economic stimulus checks yet to be claimed.

Action Line: California is holding $5.1 billion in unclaimed money … – San Jose Mercury News

Action Line: California is holding $5.1 billion in unclaimed money … San Jose Mercury News,  USA - Sep 7, 2008 Typically the money is held by the state controller. California's Unclaimed Property Division offers a free, searchable database that currently holds $5.1 …

Residents Find Unclaimed Money In Great Arkansas Treasure Hunt – KHBS/KHOG 40/29

Residents Find Unclaimed Money In Great Arkansas Treasure Hunt KHBS/KHOG 40/29, AR - Sep 30, 2008 If the state owes me money, thank you,” said Smith. Smith is just one of around 275000 people in the state who has $50 or more in unclaimed cash or property … State Aims to Find Owners of Unclaimed Property KATV $115 million in unclaimed goods wait Arkansas Democrat Gazette all 12 news articles

Minting money from suspense accounts – Merinews

Minting money from suspense accounts Merinews, India - 21 hours ago The same system should be applied for unclaimed funds lying with banks. ICICI Bank indulges in the malpractice of putting account-holders’ money in its …

(Part 1 of 2)

The state of California’s unclaimed property program takes in approximately 300 million dollars annually. Why does it matter to you? Well, if you or anyone you know is or has been a resident of the Golden State (or ever had any type of business dealings, whether you knew it or not), part of that big heap of California lost assets could easily be yours!

Under the California unclaimed funds law, missing money like forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other financial assets are passed along to the Treasury Dept. if the rightful owners don’t locate them within a given time period. This ‘dormancy period’ varies from state to state, but in California it’s 3 years. These forgotten funds then head to the CA unclaimed property division, where they wait in the state’s general fund until they are returned to the rightful owners. This is where state employees who handled California unclaimed cash were recently criticized. It seems that they were all to happy to locate and collect the lost funds from the various establishments holding on to them but showed less interest in tracking down the owners in the California unclaimed funds list.

One of the primary reasons for the government’s inability to return forgotten money to residents, they say, is that they cannot be located. Problem is, who would think that 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 locate? Their names and the names of several other famous people are just a few of the names in the California missing money list but they have not been contacted by the employees at the California Unclaimed Money Division. They’re all owed checks for forgotten funds by California ranging in amount from hundreds to the thousands as in the case of Angelina Jolie. This just shows California state employees’ interest in keeping this cash in the general fund for use in balancing the budget deficit for as long as they possibly can. In fact, there was a recent ruling by a federal judge on CA abandoned money, saying that the state was not doing enough to locate the rightful owners and has temporarily halted the state’s s ability to seize it until a new policy of reuniting it with the actual owners was adopted.

(to be continued)

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Stimulus Payments, Lottery Winnings Go Unclaimed (News Channel 5 Nashville)
Extra cash can be hard to come by these days, but thousands of Tennesseans are letting free money slip through their fingers. And the government is having a hard time trying to give money away.

Whole lotto money unclaimed in California – San Diego Union Tribune

Whole lotto money unclaimed in California San Diego Union Tribune, United States - Sep 29, 2008 “For whatever reason, there's a lot of money unclaimed there.” According to his Web site, almost $2 million in prizes will expire in California in the next …

$29 million in unclaimed stimulus checks (NBC 12 Richmond)
RICHMOND, VA (NBC12) – Time is running out for the nearly 100,000 Virginians who have yet to claim their economic stimulus payments. The deadline to file is October 15th.

Residents Find Unclaimed Money In Great Arkansas Treasure Hunt – KHBS/KHOG 40/29

Residents Find Unclaimed Money In Great Arkansas Treasure Hunt KHBS/KHOG 40/29, AR - Sep 30, 2008 If the state owes me money, thank you,” said Smith. Smith is just one of around 275000 people in the state who has $50 or more in unclaimed cash or property … State Aims to Find Owners of Unclaimed Property KATV $115 million in unclaimed goods wait Arkansas Democrat Gazette all 12 news articles

(Part 2 of 2)

One of the primary reasons for the government’s inability give back forgotten cash to the people it belongs to, they say, is the fact that they cannot be located. The problem is, would would ever think people like Jennifer Lopez, Victoria Beckham, Brad Pitt, Adam Sandler, Angelina Jolie ,Marlon Brando, Keanu Reeves, ZsaZsa Gabor and Gerri Halliwell would be hard to track down? Those names and the names of several other famous people are just some of the names in the CA missing money database and yet they have not heard from the employees at the California Unclaimed Money Division. They’re all owed checks for forgotten funds by CA amounting from hundreds to the thousands as in the case of Angelina Jolie. This proves once again CA state officials’ interest in keeping 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 judge on CA abandoned money, stating that the state wasn’t making enough of an effort to return it to its rightful owners and has temporarily halted the ability of the state to seize it until a better policy of returning it to the actual owners was adopted.

The total dollar amount for these funds in California averages $5 billion annually – just imagine the amount of interest that generates for the state! Sacramento attorney Bill Palmer who has represented many cases involving California unclaimed money, has said that the state’s program was created to be a lost and found of sorts for Californians. Sadly, it was turned into a profit making ‘business’ in the past few years.

The hold on the taking of property by CA has since been removed and the new California State Controller, John Chiang, is making greater efforts in the form of widespread reforms in improving how his office deals with California unclaimed property. There’s still a great need though for Californians and Americans in all states across the U.S. to learn about the presence of these properties and on how to perform a thorough search for them and take back what belongs to them.

–

There’s plenty of $$$$ not yet claimed: Database can help … – Eufaula Tribune

There’s plenty of $$$$ not yet claimed: Database can help … Eufaula Tribune, AL - Sep 29, 2008 That’s why the unclaimed property database was created – to inform residents of their property and money just waiting to be claimed. …

Three On Your Side: 103 Year Old Jacksonian Receives Unclaimed … – WLBT-TV

Three On Your Side: 103 Year Old Jacksonian Receives Unclaimed … WLBT-TV, MS - Sep 30, 2008 Little did she know money, piles of it was sitting dormant in the State's unclaimed funds account. It was money never claimed from an income tax refund. …

Tips for New Yorkers to locate unclaimed funds – Newsday

Tips for New Yorkers to locate unclaimed funds Newsday, NY - Sep 28, 2008 The state of New York is currently holding about $9 billion in unclaimed funds. Does some of that money belong to you? The money in the state's unclaimed …

(Part 1 of 2)

The state of California’s unclaimed property program takes in roughly $300 million annually. Why does it matter to you? Well, if you or someone you know is or was a resident of the Golden State (or had any kind of business dealings, whether you knew it or not), part of that big pile of CA unclaimed money could easily belong to you!

Under the California unclaimed property (or escheat) law, lost money like forgotten savings and checking accounts, cash and stock dividends, mineral deposits, uncashed checks and money orders, state of California unclaimed tax refunds, salary checks, gift certificates, and other assets are turned over to the Department of the Treasury if their owners don’t locate them within a given period. This ‘dormancy period’ varies from state to state, but in CA it’s 3 years. These forgotten funds then head to the California unclaimed property div, where they wait in the state’s general fund until they are returned to the people they truly belong to. This is where state officials in-charge of the CA unclaimed cash were recently criticized. It seems that they were eager to locate and take hold of the lost assets from the establishments holding them but but were less than enthusiastic about contacting the owners in the CA unclaimed money records.

(to be continued)

–

Stimulus Payments, Lottery Winnings Go Unclaimed (News Channel 5 Nashville)
Extra cash can be hard to come by these days, but thousands of Tennesseans are letting free money slip through their fingers. And the government is having a hard time trying to give money away.

Lottery money goes unclaimed – Herald.ie

Lottery money goes unclaimed Herald.ie, Ireland - 20 hours ago Lottery bosses are looking for a €100000 winner who bought the ticket next door to their headquarters. Time is running out for the holder to come forward …

Kansans Find $826K In Unclaimed Money At Fair – KMBC.com

Kansans Find $826K In Unclaimed Money At Fair KMBC.com, MO - Sep 25, 2008 The Kansas State Treasurer's Office said that Kansans took home more than $826000 in cash and property just by stopping by the Unclaimed Property booth at …

State treasurer to auction unclaimed property (The Providence Journal)
It’s the state’s first public sale of unclaimed property in a decade. Items include coins and jewelry.

Does state of Iowa owe you money? – Ogden Reporter

Does state of Iowa owe you money? Ogden Reporter, IA - 17 hours ago "This is one of our office's most successful ways of returning unclaimed property." Every year millions of dollars in unclaimed property is left abandoned. …

(Part 2 of 2)

The total amount of unclaimed money in California averages five billion dollars annually – just imagine how much interest that earns for the state! Sacramento attorney Bill Palmer who has fought in a number of cases involving CA unclaimed funds, has said that the state’s department was supposed to be a lost and found of sorts for Californians. Instead, it has been turned into a profit generating ‘business’ in the past few 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 widespread changes in improving how his office handles California unclaimed property. There’s still a great need though for Californians and residents of all other states across the U.S. to be informed about the presence of these monies and on how to do a thorough search for them and take back what belongs to them.

–

Stimulus Payments, Lottery Winnings Go Unclaimed – NewsChannel5.com

Stimulus Payments, Lottery Winnings Go Unclaimed NewsChannel5.com, TN - 7 hours ago … Davidson County who have money coming to them. There are more than 2100 in Rutherford County; nearly 2000 people have unclaimed cash in Sumner County; …

Residents Find Unclaimed Money In Great Arkansas Treasure Hunt – KHBS/KHOG 40/29

Residents Find Unclaimed Money In Great Arkansas Treasure Hunt KHBS/KHOG 40/29, AR - Sep 30, 2008 If the state owes me money, thank you,” said Smith. Smith is just one of around 275000 people in the state who has $50 or more in unclaimed cash or property … $115 million in unclaimed goods wait Arkansas Democrat Gazette State Aims to Find Owners of Unclaimed Property KATV all 12 news articles

Tips for New Yorkers to locate unclaimed funds – Newsday

Tips for New Yorkers to locate unclaimed funds Newsday, NY - Sep 28, 2008 The state of New York is currently holding about $9 billion in unclaimed funds. Does some of that money belong to you? The money in the state's unclaimed …

Whole lotto money unclaimed in California – San Diego Union Tribune

Whole lotto money unclaimed in California San Diego Union Tribune, United States - Sep 29, 2008 “For whatever reason, there's a lot of money unclaimed there.” According to his Web site, almost $2 million in prizes will expire in California in the next …

(Part 1 of 2)

The state of California’s unclaimed property department takes in roughly 300 million dollars each year. Why does it matter to you? Well, if you or someone you know is or ever was a resident of the Golden State (or ever had any type of business dealings, whether you were aware of it or not), part of that big heap of Cali missing money might very well belong to you!

Under the state of California unclaimed property law, missing money such as forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other assets are handed over to the Treasury Department if their owners don’t come for them within a certain time period. This ‘dormancy period’ varies from state to state, but in Cali it’s three years. These forgotten funds then get moved to the CA unclaimed property division, where they stay in the state’s general fund until they are returned to their rightful owners. This is where state officials in-charge of the Cali unclaimed cash were criticized recently. It seems that they were eager to track down and collect the lost assets from the various establishments holding them but but weren’t so keen on locating the actual owners in the Cali unclaimed funds database.

One of the main reasons for the government’s inability to return forgotten money to residents, they say, is the fact that they can not be located. The issue is, who would think people like Angelina Jolie, ZsaZsa Gabor, Gerri Halliwell, Victoria Beckham, Keanu Reeves, Brad Pitt, Adam Sandler, Marlon Brando and Jennifer Lopez could 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 database but they have never heard from the officials in the California Unclaimed Funds Division. They’re all owed checks for forgotten funds by Cali amounting from hundreds to the thousands as in the case of Angelina Jolie. This proves once again Cali state officials’ interest in holding this cash in the general fund for use in balancing the budget deficit for as long as they can. As a matter of fact, there was a recent ruling by a federal judge on CA abandoned assets, stating that the state wasn’t trying hard enough to locate the rightful owners and for a while halted the ability of the state to take and hold it until a better policy of returning it to the actual owners has been adopted.

(to be continued)

–

Tips for New Yorkers to locate unclaimed funds – Newsday

Tips for New Yorkers to locate unclaimed funds Newsday, NY - Sep 28, 2008 The state of New York is currently holding about $9 billion in unclaimed funds. Does some of that money belong to you? The money in the state's unclaimed … Savings on ice: How to retrieve inactive bank accounts frozen by … Newsday all 2 news articles

Local man fights for unclaimed money – abc7news.com

Local man fights for unclaimed money abc7news.com, CA - Sep 23, 2008 SANTA ROSA, CA (KGO) — Have you ever found money in a pocket or drawer that you forgot you had? Millions of people have unclaimed property the state is …

Kansans Find $826K In Unclaimed Money At Fair – KMBC.com

Kansans Find $826K In Unclaimed Money At Fair KMBC.com, MO - Sep 25, 2008 The Kansas State Treasurer's Office said that Kansans took home more than $826000 in cash and property just by stopping by the Unclaimed Property booth at …

State treasurer to auction unclaimed property (The Providence Journal)
It’s the state’s first public sale of unclaimed property in a decade. Items include coins and jewelry.