(Part 2 of 2)

One of the main reasons for the inability of government give back forgotten cash to its owners, they say, is the fact that they can’t be tracked down. Problem is, would would ever think that people like Jennifer Lopez, Victoria Beckham, Brad Pitt, Adam Sandler, Angelina Jolie ,Marlon Brando, Keanu Reeves, ZsaZsa Gabor and Gerri Halliwell would be difficult to track down? Those names and the names of several other celebrities are just a few of the names in the Cali missing money list and yet they have never heard from the officials in the California Unclaimed Property Division. They’re all owed checks for lost assets by Cali amounting from hundreds to the thousands as in the case of Angelina Jolie. This just shows Cali state employees’ interest in holding this cash in the general fund for use in balancing the budget deficits for as long as they can. In fact, there was recently a ruling by a federal judge on CA abandoned money, saying that the state was not making enough of an effort to locate the rightful owners and for a while halted the ability of the state to take and hold it until a new policy of reuniting it with the rightful owners was enacted.

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

The ban on the taking of property by California has recently been removed and the new California State Controller, John Chiang, is making extra efforts in the form of widespread reforms in improving how his office is handling California unclaimed property. There’s still a dire need though for Californians and residents of all other states across the U.S. to be informed 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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School receives Microsoft money
All the students in the district will benefit from $283,000 the Washington School District is receiving over four years as part of the settlement of a class action suit against Microsoft, the districts technology team reported today.

Unclaimed plots dot cemeteries in county – Reading Eagle
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Maryland Launches Effort to Give Millions in Unclaimed Money to Owners – WJLA
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From money to jewelry, the Maryland Comptroller’s Office is helping to unite Marylanders with their unclaimed property.