(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.

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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 …