November 27, 2008
Unclaimed Funds in California – Part 2 of 2
(Part 2 of 2)
One of the main reasons for the government’s inability to return forgotten cash to its owners, according to the government, is that they can’t be tracked down. Problem is, would would ever think that people like ZsaZsa Gabor, Angelina Jolie, Victoria Beckham, Gerri Halliwell, Brad Pitt, Keanu Reeves, Jennifer Lopez, Adam Sandler and Marlon Brando could be hard to locate? Those names and the names of a number of other celebrities are just a few of the names in the Cali missing money list and yet they have not heard from the officials in the California Unclaimed Property Division. They are all owed checks for unclaimed money by Cali ranging in amount from hundreds to the thousands as in the case of Angelina Jolie. This proves once again Cali state employees’ interest in keeping this money in the general fund for use in balancing the budget deficits for as long as they possibly can. In fact, there was recently a ruling by a judge on CA abandoned cash, stating that the state was not doing enough to return it to its rightful owners and has temporarily halted the state’s s ability to seize it until a better policy of reuniting it with the actual owners has been adopted.
The total amount of unclaimed money in California averages $5 billion annually – just imagine how much interest this generates for the state! Bill Palmer, an attorney in Sacramento who has battled in numerous cases involving CA unclaimed money, said the state’s department was supposed to be a lost and found of sorts for Californians. Instead, it was turned into a profit generating ‘business’ in the past few years.
The ban on the taking of property by CA has now been removed and the new CA State Controller, John Chiang, is making extra efforts in the form of widespread reforms in improving how his office handles California unclaimed money. There’s still a great need though for residents of California and the other 49 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.
–
Conn. trims deficit, but won’t seek bottle deposit money – Journal Inquirer
|
Conn. trims deficit, but won’t seek bottle deposit money
Journal Inquirer, CT - Specifically, it would have allowed the state to seize unclaimed bottle and can deposits that now land in beverage distributors’ pockets. … |
Do you have unclaimed money? – WPTV
|
Do you have unclaimed money?
WPTV, FL - If you’re from another state, Sink says Florida’s website can even link you to other states’ websites in case you have forgotten unclaimed cash sitting in … |
Money Still Available From Unclaimed Stimulus Checks – KSLA-TV
|
Money Still Available From Unclaimed Stimulus Checks
KSLA-TV, LA - IRS officials say there are more than 5000 unclaimed checks in Louisiana totaling more than 3000000 dollars in the Bayou State. The checks have been sitting … |
Money Still Available From Unclaimed Stimulus Checks (KSLA-TV Shreveport)
SHREVEPORT, LA (KSLA) – There’s money up for grabs, as IRS says some people still haven’t claimed their economic stimulus checks from earlier this year.
IRS may owe you some money – Cape Cod Times
The Associated Press |
IRS may owe you some money
Cape Cod Times, MA - In Massachusetts, the average undelivered economic stimulus check is worth $570; unclaimed refund checks averaged $963. Unclaimed Tax Refunds IRS trying to deliver checks to 58 locals |










