(Part 2 of 2)

One of the primary reasons for the inability of government give back forgotten cash to the people it belongs to, according to the government, is that they can not be located. The issue 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 find? Those names and the names of a number of other famous people are just a few of the names in the California missing money database 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 amounting from hundreds to the thousands in Ms. Jolie’s case. This proves once again California 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 assets, saying that the state wasn’t 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 better policy of reuniting it with the rightful owners was adopted.

The total amount of unclaimed money in California averages $5 billion annually – just imagine the amount of interest that earns for the state! Bill Palmer, an attorney in Sacramento who has represented many cases involving California unclaimed property, said the state’s department was intended 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 recently been removed and the new California State Controller, John Chiang, is making extra efforts in the form of sweeping reforms in improving how his office is handling California unclaimed money. There’s 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 properties and on how to do a thorough search for them and take back what belongs to them.

–

Government Might Owe You Money – KNx 1070
LOS ANGELES (KNX 1070 NEWSRADIO) — Congressman Brad Sherman has a link to a government list of unclaimed stimulus checks. CLICK BELOW To see if you are on the list of Los Angeles County residents who are owed tax money

You may have an unclaimed tax refund – Marketplace.publicradio.org
Bill Radke: If you’re rushing to finish your taxes today, much luck. A nice refund would be welcome. But did you know a lot of tax refunds go unclaimed? The government is sitting on tens of millions of dollars in uncollected refunds and economic …

$130,000 Lottery ticket unclaimed (The Daily Democrat)
The California Lottery is still on the lookout for a player who purchased a winning MEGA Millions ticket in Woodland one month ago and has yet to claim their prize.The ticket hit five of six winning numbers in the March 20 drawing, missing only the Mega number, and is worth $130,151.

Millions In 2008 Undelivered Tax Refunds Unclaimed – CBS 2 KCAL 9
Millions of dollars in undelivered tax refunds and stimulus payments from last year are waiting to be claimed by thousands of Los Angeles County residents, Rep. Brad Sherman said today. The IRS was unable to locate 4,702 taxpayers in the county who …

900 owed $2.2M – Wausau Daily Herald
Wisconsin Treasurer Dawn Marie Sass this spring will publicize the names of more than 54,000 state residents who collectively are owed more than $37.5 million in unclaimed property from 2008. The state is buying legal notices to publish local names …