(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.

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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 …