(Part 2 of 2)

One of the main reasons for the government’s inability to return forgotten cash to residents, according to the government, is the fact that they can not be tracked down. The issue 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 find? Those names and the names of a number of other famous people are some of the names in the Cali missing money database but they have not heard from the officials in the California Unclaimed Funds Division. They are all owed checks for forgotten funds by Cali amounting from hundreds to the thousands as in the case of Angelina Jolie. This just proves Cali state officials’ interest in keeping this money 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 judge on CA abandoned cash, saying that the state was not trying hard enough to locate the rightful owners and has temporarily halted the ability of the state to take and hold it until a proper method of reuniting it with the actual owners was enacted.

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

The ban on the taking of property by CA has since been lifted and the new CA State Controller, John Chiang, is making extra efforts in the form of widespread changes in improving how his office is handling CA unclaimed money. 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 funds and on how to perform a thorough search for them.

–

Unclaimed bonds: Billions date to World War II (The Montana Standard)
HELENA — The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and a Treasury Department that claims ownership.

Combs pushes unclaimed funds program (Brenham Banner-Press)
Comptroller Susan Combs explains the process in which residents and even governmental entities can get money owed to them. Combs was here Wednesday to tout the comptroller’s unclaimed funds program.

Burying poor, unwanted: Number of unclaimed bodies has doubled – Lancaster online.com
When 55-year-old Lester H. VanValkenburgh of Lancaster died on Sept. 25, he had no life insurance and no money for a funeral. He did leave an estranged wife, but she wasn’t much better off financially than he was, according to his friend, David …

Feds sued over unclaimed WWII-era bonds – detnews.com
Helena, Mont. — The federal government is facing a lawsuit over billions in unclaimed bonds that date to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and the Treasury …

States salivate over unclaimed war bonds (The Record and Herald News)
HELENA, Mont. — The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fund-raising efforts of World War II, leading to a showdown between states that say they should be given the money and a Treasury Department that claims ownership.