(Part 2 of 2)

The total dollar amount for these funds in CA averages five billion dollars annually – imagine the amount of interest that accrues for the state! Sacramento attorney Bill Palmer who has represented a number of cases involving California unclaimed money, said the state’s program was intended to be a lost and found of sorts for Californians. Instead, it has been turned into a profit generating ‘business’ in the past few years.

The ban on the seizure of property by California has now been lifted and the new CA State Controller, John Chiang, is making extra efforts in the form of sweeping reforms in improving how his office is handling California unclaimed property. 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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$5 million in unclaimed bonds nationwide (Otago Daily Times)
More than $5 million of forgotten money, including $344,836 from Otago, has been left lying in a government trust account by landlords and tenants who have failed to collect their bonds. read more

What’s new in the business scene – Poughkeepsie Journal
Hopewell Junction insurance agency honored — John Keane Allstate Agency in Hopewell Junction was designated a premier service agency for 2009. It’s a title given to Allstate agencies that meet high industry standards. Keane and his wife, Claire …

Q&A: Third party not needed to collect unclaimed funds – St. Petersburg Times
I have been contacted by an organization from Pennsylvania telling me it has found unclaimed funds in my name in New Jersey. Is this a legitimate business or a scam? We won’t comment on that company’s motives, but generally speaking, there is no need …

Sri Lanka: Minister seeks permission to use unclaimed funds in northern banks (TamilNet)
Minister Douglas Devananda said that he had sought permission from President Mahinda Rajapakse to use the funds in the form of cash and gold jewellery worth around 3000 million rupees lying unclaimed in the banks in the north for the development of the north, sources in Jaffna said. Around 1000 million rupees and gold jewellery worth 2000 million rupees stagnate in government and private banks …