June 27, 2009

California Forgotten Funds – Part 1 of 2

(Part 1 of 2)

The California’s unclaimed money program takes in about 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 had any kind of business dealings, whether you knew it or not), part of that big heap of Cali unclaimed money might easily belong to you!

Under the state of California unclaimed funds law, missing 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 financial assets are passed along to the Treasury Department if their owners don’t come for them within a certain time period. This ‘dormancy period’ varies widely from state to state, but in Cali it’s three years. These forgotten funds then go to the CA unclaimed property division, where they wait in the state’s general fund until returned to their rightful owners. This is where state officials in-charge of the Cali unclaimed cash were recently criticized. It seems that they were all to happy to locate and take hold of the lost assets from the establishments holding on to them but but weren’t so keen on tracking down the owners in the Cali unclaimed funds records.

(to be continued)

Big Lotto prize still unclaimed – Yakima Herald Republic
YAKIMA, Wash. — After waiting about six weeks for the winner to come forward, Lottery officials are losing hope that a $3.4 million prize will be claimed. “That’s not a good sign,” Washington Lottery spokesperson Jacque Coe said. “If you were …

Region in brief | Tight lid on Cole Camp case – Kansas City Star
Authorities have been releasing few details about the investigation into the recent triple homicide in Cole Camp. Missouri State Highway Patrol Sgt. Jason Clark said information about potential suspects and other details, including whether items were …

Missouri Lottery jackpot goes unclaimed – News-Leader.com
Ferguson — The Missouri Lottery says somebody won nearly $240,000 in the Show Me Cash game, but the funds have to be claimed by Sunday before the ticket expires. And the Lottery’s offices are closed Sunday. The winning ticket was purchased at a …

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June 23, 2009

Locating Unclaimed Cash in CA – Part 2 of 2

(Part 2 of 2)

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

The hold on the seizure of property by CA has since been removed and the new CA State Controller, John Chiang, is making greater efforts in the form of widespread changes in improving how his office deals with California unclaimed property. There is still a dire need though for Californians and residents of all other 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.

$50 million Lotto prize unclaimed – ninemsn
A $59.2 million truckload of cash from Oz Lotto is still looking for an owner, with no one in Australia claiming the jackpot from Tuesday night’s draw. The advertised $50 million jackpot rose to $59,295,155 as a result of strong sales for the draw …

State sues Coldwell Banker over earnest money – Crain’s Chicago Business
(Crain’s) — The Chicago area’s biggest residential brokerage has violated state law by holding unclaimed earnest money for more than five years, the state alleges in a lawsuit. The suit, filed last week on behalf of Illinois Treasurer Alexi …

Former addict warns Mass. legislators about problems with allowing … – Union-News & Sunday Republican
BOSTON – When he was growing up in North Adams, Bruce T. became addicted to the thrill of gambling while betting on the horses each August with his father in Saratoga, New York. By the time he was 22, he was tens of thousands of dollars in debt …

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June 20, 2009

Locating Unclaimed Cash in CA – Part 1 of 2

(Part 1 of 2)

The California’s unclaimed funds program takes in approximately $300 million each year. Why should you care? Well, if you or anyone you know is or was a resident of the Golden State (or had any kind of business dealings, whether you were aware of it or not), some of that big pile of Cali lost assets might easily belong to you!

Under the California unclaimed property law, missing money such as 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 financial assets are turned over to the Department of the Treasury if the rightful owners don’t come for them within a given period. This ‘dormancy period’ varies widely from state to state, but in Cali it is three years. These forgotten funds then head to the California unclaimed property div, where they sit in the state’s general fund until they are returned to the rightful owners. This is where state employees in-charge of the Cali unclaimed cash were recently criticized. It appears that they were all to happy to locate and take hold of the lost funds from the establishments holding on to them but showed less interest in contacting 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 tracked down. The problem is, would would ever 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 difficult to find? Their names and the names of a number of other famous people are just a few of the names in the Cali missing money database but they have not been contacted by the officials at the California Unclaimed Money Division. They’re 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 cash in the general fund for them to balance the budget deficit for as long as they possibly can. In fact, there was a recent ruling by a federal judge on CA abandoned assets, saying that the state wasn’t making enough of an effort to return it to its rightful owners and for a while halted the state’s s ability to take and hold it until a better policy of returning it to the actual owners was enacted.

(to be continued)

Perry axes money for volunteer tax centers – Austin American-Statesman
A bill intended to help working families with their federal income taxes fell victim to Gov. Rick Perry’s veto pen on Friday. House Bill 2888 used about $2.6 million in federal money from the Temporary Assistance for Needy Families program to …

Navarre’s homeless ‘Bike Lady’ has untold stories – Pensacola News Journal
Motorists driving up and down U.S. 98 in South Santa Rosa County knew her simply as the Bike Lady. Some would honk and angrily yell at Elizabeth Dawn Allmon, a homeless woman who called Navarre home, as she slowly pedaled a rickety, blue beach bike …

Cash Dash searches for rightful owner of money (WQAD Moline)
Do they have your money? Illinois State Treasurer Alexi Giannoulias’ office wants to return lost, forgotten and abandoned funds to their rightful owners.

Unclaimed property auction sends money to state school fund (The Gresham Outlook)
Oregon’s Department of State Lands hosts an auction Saturday, June 20, in Salem of unclaimed property. The auction starts at 9:30 a.m. at Parrish Middle School, 802 Capitol St. N.E. A preview is planned Friday, Jun 19, from 1 to 4 p.m. at the school. Doors to Saturday’s auction open at …

Millions of unclaimed funds in Indiana – WTHR
Indianapolis – State officials unveiled millions of dollars that have gone unclaimed in Indiana. Attorney General Greg Zoeller held a press conference Friday to push IndianaUnclaimed.com , the best resource to quickly find out if your name is on the …

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June 17, 2009

Locating California Abandoned Assets – Part 2 of 2

(Part 2 of 2)

One of the primary reasons for the government’s inability give back forgotten money to residents, according to the government, is the fact that they can’t be tracked down. The issue 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? Their names and the names of a number of other famous people are just some of the names in the California missing money list but they have not heard from the officials at the California Unclaimed Funds Division. They are all owed checks for lost assets by California ranging in amount from hundreds to the thousands in Ms. Jolie’s case. This just proves California state employees’ interest in keeping this cash in the general fund for use in balancing the budget deficit for as long as they can. In fact, there was a recent ruling by a federal judge on CA abandoned assets, saying that the state was not making enough of an effort to return it to its rightful owners and for a while halted the ability of the state to seize it until a proper method of reuniting it with the rightful owners was adopted.

The total dollar amount for these funds in California averages five billion dollars annually – just imagine the amount of interest this accrues for the state! Sacramento attorney Bill Palmer who has fought in many cases involving CA unclaimed funds, has said that the state’s department was created to be a lost and found for residents of California. Instead, it has been turned into a profit earning ‘business’ in recent years.

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

Mets fans search for unclaimed money – WABC
NEW YORK (WABC) — Many New Yorkers have money coming to them that they don’t know about. “This is fantastic!” said one fan. Free money has a way of generating that kind of reaction. “Who would have thought that at a Mets game you would find out you …

Unclaimed property auction sends money to state school fund – Portland Tribune
Oregon’s Department of State Lands hosts an auction Saturday, June 20, in Salem of unclaimed property. The auction starts at 9:30 a.m. at Parrish Middle School, 802 Capitol St. N.E. A preview is planned Friday, Jun 19, from 1 to 4 p.m. at the …

Is unclaimed cash waiting for you? – ABC Action News
TAMPA BAY, FL — We’re all trying to ring up less at the register and cut back. Wife and mother Dee Carmichael is no different. “Because you never know if you could be the next one that has a spouse that may lose his job,” she said. Mark …

Millions of unclaimed funds in Indiana – WTHR
Indianapolis – State officials unveiled millions of dollars that have gone unclaimed in Indiana. Attorney General Greg Zoeller held a press conference Friday to push IndianaUnclaimed.com , the best resource to quickly find out if your name is on the …

$11M lies unclaimed; check the Web – Indianapolis Star
More than $11 million. That’s how much money belonging to Marion County residents was forgotten or ignored in 2008 and turned over to the state. Now, Attorney General Greg Zoeller wants to give those dollars back. Zoeller reminded the public Friday …

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June 13, 2009

Locating California Abandoned Assets – Part 1 of 2

(Part 1 of 2)

The California’s unclaimed money department takes in roughly 300 million dollars every year. Why should you care? 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), some of that massive pile of California unclaimed money could easily be yours!

Under the California unclaimed property 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 Treasury Dept. if their owners don’t locate them within a given time period. This ‘dormancy period’ varies from state to state, but in California it’s three years. These lost assets then head to the CA unclaimed property div, where they sit in the state’s general fund until returned to the rightful owners. This is where state officials who handled California unclaimed cash were recently criticized. It appears that they were all to happy to locate and take hold of the lost funds from the establishments holding them but showed less interest in tracking down the actual owners in the California unclaimed funds database.

(to be continued)

Deposit box unveils history – Topeka Capital-Journal
Old letters and photographs nestled among a World War II telegram, Purple Heart citation and Gold Star Mother certificate Friday brought to life a tragic moment in Buek family history. If not for research and sleuthing skills of the Kansas treasurer …

Attorney General tours state to draw attention to unclaimed property – Tribune-Star
TERRE HAUTE — Some Hoosiers may be entitled to money they don’t know about — perhaps from a utility escrow account while in college, or from a closed and forgotten account for a safe-deposit box. It could even be money from an undeliverable …

State Treasurer has tens of millions of dollars in unclaimed property (Dayton Courier)
State Treasurer Kate Marshall produced an economic stimulus plan of sorts recently, telling legislators that several of them are on a list of Nevadans owed money or other items of value from an unclaimed property account — but they first must file a claim.

Mets fans search for unclaimed money – WABC
NEW YORK (WABC) — Many New Yorkers have money coming to them that they don’t know about. “This is fantastic!” said one fan. Free money has a way of generating that kind of reaction. “Who would have thought that at a Mets game you would find out you …

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June 10, 2009

Locating Lost Money in CA – Part 2 of 2

(Part 2 of 2)

The total dollar amount for these funds in CA averages $5 billion annually – just 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 department was supposed to be a lost and found for California residents. Instead, it was turned into a profit making ‘business’ in recent years.

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

$1.6 Retrieved in Cash Dash (WMBD – FOX 43 Peoria)
WMBD/WYZZ – PEORIA – Peorians net $1.6 million in unclaimed money over the weekend.

Charities, recycling victims of budget (Asheville Citizen-Times)
ASHEVILLE — Recycling fees and taxpayer funding for math mentoring set off a clash Tuesday as Asheville City Council members scrambled for control over a dismal budget year’s few unclaimed dollars.

Area cities have ‘unclaimed property’ coming their way – San Bernardino County Sun
Despite the recession and a monstrous deficit, there’s a lot of money lying around at the state level. Literally, billions. Referred to as “unclaimed property,” over $5 billion worth is being held by the office of State Controller John …

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June 7, 2009

Locating Lost Money in CA – Part 1 of 2

(Part 1 of 2)

The California’s unclaimed funds department takes in about three hundred million dollars annually. What’s it 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 knew it or not), part of that big heap of CA forgotten funds might very well belong to you!

Under the California unclaimed funds law, lost 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 assets are turned over to the Department of the Treasury if their owners don’t locate them within a given time period. This ‘dormancy period’ varies from state to state, but in CA it is three years. These unclaimed monies then get moved to the California unclaimed property div, where they sit in the state’s general fund until returned to the rightful owners. This is where officials working for the state in-charge of the CA unclaimed cash were recently criticized. It appears that they were all to happy to track down and take hold of the lost assets from the various establishments holding on to them but but weren’t so keen on locating the actual owners in the CA unclaimed money database.

One of the main reasons for the inability of government to return forgotten cash to its owners, according to the government, is that they can’t be tracked down. Problem is, who would think that people like Jennifer Lopez, Victoria Beckham, Brad Pitt, Adam Sandler, Angelina Jolie ,Marlon Brando, Keanu Reeves, ZsaZsa Gabor and Gerri Halliwell could be hard to track down? Their names and the names of several other celebrities are some of the names in the CA missing money list and yet they haven’t been contacted by the employees in the California Unclaimed Money Division. They are all owed checks for lost assets by CA amounting from hundreds to the thousands as in the case of Angelina Jolie. This just proves CA state officials’ interest in keeping this cash in the general fund for them to balance 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 money, stating that the state was not doing enough to locate the rightful owners and has temporarily halted the state’s s ability to take and hold it until a proper method of reuniting it with the rightful owners was enacted.

(to be continued)

Project Economy: Find Out If You Have Unclaimed Money – Pittsburgh Channel
The commonwealth’s unclaimed property fund has a total of about $1.5 billion — including $72 million in Allegheny County alone — that you either forgot about or never knew about, like inactive bank accounts, uncashed paychecks, CDs, utility …

Area cities have ‘unclaimed property’ coming their way – San Bernardino County Sun
Despite the recession and a monstrous deficit, there’s a lot of money lying around at the state level. Literally, billions. Referred to as “unclaimed property,” over $5 billion worth is being held by the office of State Controller John …

Who has unclaimed cash? You might. – Peoria Journal Star
The lines were long at The Shoppes at Grand Prairie. But these people weren’t waiting to spend their money Saturday. They were hoping to get it back. Cash Dash, part of the Illinois State Treasurer’s Office Unclaimed Property Division, offered …

Leave no retirement plan unturned in search of unclaimed money – New York Daily News
Nobody likes to leave money on the table, yet an estimated 58,000 people have left an average of $2,600 in old retirement plans. “Sometimes people don’t even realize that they have a benefit,” said Spiro Preovolos , director of operations at …

Movers & Shakers (Coeur d’Alene Press)
On July 1 about $1.7 million of Idaho’s unclaimed money goes to the state’s general fund. And some of that money could be yours.

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June 3, 2009

Locating CA Missing Money – Part 2 of 2

(Part 2 of 2)

One of the primary reasons for the government’s inability to return forgotten cash to the people it belongs to, they say, is that they can not be tracked down. The problem 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 would be difficult to track down? Their names and the names of several other famous people are just some of the names in the CA missing money database but they have never heard from the employees at the California Unclaimed Property Division. They are all owed checks for unclaimed money by CA ranging in amount from hundreds to the thousands as in the case of Angelina Jolie. This proves once again CA state employees’ interest in holding this cash in the general fund for use in balancing the budget deficits for as long as they can. As a matter of fact, there was a recent ruling by a federal judge on CA abandoned money, stating that the state wasn’t making enough of an effort to return it to its rightful owners and for a while halted the state’s s ability to seize it until a better policy of reuniting it with the rightful owners has been adopted.

The total dollar amount for these funds in California averages $5 billion annually – just imagine the amount of interest that accrues for the state! Bill Palmer, an attorney in Sacramento who has represented many cases involving California unclaimed funds, said the state’s department was supposed to be a lost and found for California residents. Instead, it has been turned into a profit generating ‘business’ in recent years.

The ban on the seizure of property by CA has recently been lifted and the new CA State Controller, John Chiang, is making greater efforts in the form of sweeping changes in improving how his office handles California unclaimed property. There is still a great need though for Californians and Americans in all states across the U.S. to learn about the presence of these monies and on how to perform a thorough search for them and take back what belongs to them.

State Looking for Owners of Unclaimed Money (PAHomePage.com)
SCRANTON, LACKAWANNA COUNTY- Many of us have money out there just waiting to be claimed and we don’t even know it. It’s money that’s now in the state’s hands. And the Pennsylvania Treasury Department is trying to put that money back in your wallet.

If you lived in Cobb, answer the phone – Atlanta Journal Constitution
Linda Morgan was sitting in a hotel lobby on vacation when her cellphone rang. It was Cobb County Superior Court, trying to find her husband. A long-ago case had been settled. The court had $12,399 for him. “I was totally thrilled to death,” said …

Forgot About That Dunder Mifflin Stock? Treasurer McCord in Scranton … – Earthtimes
Treasurer McCord’s visit coincides with Treasury’s annual unclaimed property advertisement campaign running today in newspapers throughout northeastern Pennsylvania . The names listed represent the newest unclaimed property received in the past year …

Ruling gives bottlers time – Times Union
Get weather alerts, sports scores and more. The delay gives bottling companies, which opposed the law, renewed opportunity to lobby for changes. It may also cost the state an estimated $115 million in unclaimed deposits on bottles for water and other …

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