February 10, 2009
Abandoned Assets in California – Part 2 of 2
(Part 2 of 2)
One of the primary reasons for the government’s inability give back forgotten money to residents, they claim, is the fact that they cannot be located. The issue 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 would be hard to find? Those names and the names of several other famous people are just a few of the names in the Cali missing money database and yet they have never been contacted by the employees in the California Unclaimed Money Division. They are all owed checks for unclaimed money by Cali amounting from hundreds to the thousands in Ms. Jolie’s case. This proves once again Cali state employees’ interest in holding this money in the general fund for use in balancing the budget deficits for as long as they can. As a matter of fact, there was recently a ruling by a federal judge on CA abandoned money, stating that the state was not trying hard enough to return it to its rightful owners and has temporarily halted the ability of the state to take and hold it until a new policy of returning it to the actual owners was adopted.
The total amount of unclaimed money in California averages $5 billion annually – imagine the amount of interest this earns for the state! Sacramento attorney Bill Palmer who has represented numerous cases involving CA unclaimed money, has said that the state’s program was supposed to be a lost and found for California residents. Instead, it was turned into a profit making ‘business’ in recent years.
The hold 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 changes in improving how his office handles California unclaimed money. There is still a great need though for Californians and residents of all other states across the U.S. to learn about the presence of these properties and on how to perform a thorough search for them.
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Fight over NY bottle bill heats up – Elmira Star-Gazette
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/4i-0fd=Rurl=http://capitalnews9.com/content/headlines/133339/environmentalists-renewing-push-for-bottle-bill/Default.aspxcid=1302562057ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNFb8ZVdK7tHKfjz_a82-EVDeBaVrgimg src=http://nt1.ggpht.com/news?imgefp=IXqvehFVI_AJimgurl=images.capitalnews9.com/media/2009/2/9/images/01juice.jpg width=80 height=60 alt= border=1brfont size=-2Capital News 9/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/4-0fd=Rurl=http://www.stargazette.com/article/20090209/UPDATE/302090032cid=1302562057ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNFMGcGzE-R9TOreedyR7Q9YI-e5jAFight over NY bottle bill heats up/abrfont size=-1font color=#6f6f6fElmira Star-Gazette,nbsp;NYnbsp;-/font nobr13 hours ago/nobr/fontbrfont size=-1Carl Marcellino, R-Nassau County, said he feared using bmoney/b from bunclaimed/b deposits for environmental projects could be unstable in the future, b…/b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-1fd=Rurl=http://www.koaa.com/aaaaaa_down_to_earth/x1774115210/States-say-more-bottle-deposits-make-centscid=1302562057ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNHBCZ3Wt45N9O8fklgmR-Nxa7GE4gStates say more bottle deposits make cents/a font size=-1 color=#6f6f6fnobrKOAA/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-2fd=Rurl=http://www.timesunion.com/AspStories/story.asp%3FstoryID%3D768571%26category%3DREGIONcid=1302562057ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNFVUFYDj3aGD9t7J8o0dJ5Q5PTOfgA big push for bigger bottle bill/a font size=-1 color=#6f6f6fnobrAlbany Times Union/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-3fd=Rurl=http://lohud.com/article/20090210/OPINION/902100310/1076/OPINION01cid=1302562057ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNFGqQEvtSyi6zXAi0oGO3cUtBgULgBottle bill update makes sense, cents/a font size=-1 color=#6f6f6fnobrLower Hudson Journal news/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/4-4fd=Rurl=http://www.legislativegazette.com/day_item.php%3Fitem%3D658cid=1302562057ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNGznxomOJcYcQjO04Cnk26I9nqBIAnobrLegislative Gazette/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?ie=UTF-8oe=utf-8rls=org.mozilla:en-US:officialclient=firefox-atab=wnncl=1302562057hl=ennobrall 18 news articles/nobr/a/font/div/font/td/tr/table
Tracing Agency to help reunite customers with their dormant accounts – Creditman
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://www.creditman.biz/uk/members/news-view.asp%3FnewsviewID%3D9541cid=0ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNGgzepIzzmoJjdPYJ8zFt43lR4MIwTracing Agency to help reunite customers with their dormant accounts/abrfont size=-1font color=#6f6f6fCreditman,nbsp;UKnbsp;-/font nobr48 minutes ago/nobr/fontbrfont size=-1Astonishingly, vast amounts of bmoney/b are lying bunclaimed/b in financial institutions across the UK as people lose track of their assets. b…/b/font/div/font/td/tr/table
Unclaimed money scheme launched – The Press Association
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/9i-0fd=Rurl=http://www.dailymail.co.uk/news/article-1130283/Lloyds-planned-massive-payrises-bank-bosses-taxpayers-17bn-bailout.htmlcid=1297892612ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNGedPu_rqzaLbdFdveMiV8NfDN2pAimg src=http://nt1.ggpht.com/news?imgefp=icgfGl29nb4Jimgurl=i.dailymail.co.uk/i/pix/2009/01/28/article-1130283-0447D0390000044D-375_468x286.jpg width=80 height=49 alt= border=1brfont size=-2Daily Mail/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.google.com/hostednews/ukpress/article/ALeqM5goy8iFDbld3JC2Y668P7Ad_91XVQcid=1297892612ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNHI8InUhdUV4PMDhvZfSi7NyzP0LwbUnclaimed money/b scheme launched/abrfont size=-1font color=#6f6f6fThe Press Associationnbsp;-/font nobrJan 27, 2009/nobr/fontbrfont size=-1The newly created Lloyds Banking Group launched a campaign to reunite customers with nearly £100 million of bunclaimed/b funds. The group, which was created b…/b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-1fd=Rurl=http://www.financemarkets.co.uk/2009/01/28/lloyds-reunites-customers-with-forgotten-savings/cid=1297892612ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNFnUTyBPvT3qlolphLps9WbBf2TngLloyds reunites customers with forgotten savings/a font size=-1 color=#6f6f6fnobrFinance Markets/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?ie=UTF-8oe=utf-8rls=org.mozilla:en-US:officialclient=firefox-atab=wnncl=1297892612hl=ennobrall 168 news articles/nobr/a/font/div/font/td/tr/table
On the trail of unclaimed funds – News Sentinel
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/0-0fd=Rurl=http://www.news-sentinel.com/apps/pbcs.dll/article%3FAID%3D/20090209/BUSINESS/902090310cid=0ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNFsqf9SVjiPkxeccZVij6sBo4QjiAOn the trail of bunclaimed/b funds/abrfont size=-1font color=#6f6f6fNews Sentinel,nbsp;INnbsp;-/font nobr19 hours ago/nobr/fontbrfont size=-1In Robbins’ case, that meant Minnick told him so much about what the bunclaimed money/b was – an overpayment of property taxes after a mortgage refinancing b…/b/font/div/font/td/tr/table
State holding checks for big names – Las Vegas Sun
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.lasvegassun.com/news/2009/feb/06/state-holding-checks-big-names/cid=0ei=Z1-RSayiN6OQmAeMg6SxCgusg=AFQjCNHrtIgrCdCi0_GuzW52SD_t3e32nQState holding checks for big names/abrfont size=-1font color=#6f6f6fLas Vegas Sun,nbsp;NVnbsp;-/font nobrFeb 6, 2009/nobr/fontbrfont size=-1By Abigail Goldman Kate Marshall oversees Nevada’s bUnclaimed/b Property Division — basically, bmoney/b that’s owed to individuals or corporations by people or b…/b/font/div/font/td/tr/table










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